How Liberal Democracy Can Survive an Age of Spiraling Crises

The world has reached various inflection points, or so we are often told. Advanced technology, such as artificial intelligence, promises to transform our way of life. In geopolitics, the growing competition between China and the United States heralds an uncertain new era. And within many democracies, the old assumptions that undergirded politics are in doubt; liberalism appears to be in disarray and illiberal forces on the rise. 

Few scholars are grappling with the many dimensions of the current moment quite like Daron Acemoglu is. “The world is in the throes of a pervasive crisis,” he wrote in Foreign Affairs in 2023, a crisis characterized by widening economic inequalities and a breakdown in public trust. Acemoglu is a Nobel Prize–winning economist, but his research and writing has long strayed beyond the conventional bounds of his discipline. He has written famously, in the bestselling book Why Nations Fail, about how institutions determine the success of countries. He has explored how technological advances have transformed—or indeed failed to transform—societies. And more recently he has turned his attention to the crisis facing liberal democracy, one accentuated by economic alienation and the threat of technological change.

Deputy Editor Kanishk Tharoor spoke with Acemoglu about a stormy world of overlapping crises and about how the ship of liberal democracy might be steered back on course.

You can find sources, transcripts, and more episodes of The Foreign Affairs Interview at https://www.foreignaffairs.com/podcasts/foreign-affairs-interview.