Resuscitating Liberalism through Capitalism
I had originally considered entitling this article “The Death of Liberalism”, but it would be in bad taste while the patient is still technically alive on its deathbed. It did not take long for it to be sent there from its pinnacle at the end of the Cold War some thirty-four years ago. Ironically, this was partly caused by remnants of 20 th century collectivist ideologies ( e.g. , Islamic fundamentalism and communism) or variations thereof ( e.g. , Putin’s and Trump’s nationalism bear striking resemblances to those of the Axis Powers of the 1930s); ideologies which liberalism had mostly defeated by 1992. Even Nazism, which should have been dead and buried after instigating the bloodiest conflict in human history, has made a comeback. Liberal democracies are under a threat no less existential than those of World War II, but now are in a more precarious position. Unlike then, the British Empire no longer exists (and several of the key nations composing it, such as Egypt an...