Categories: Must-Reads

Political Order and Political Decay: From the Industrial Revolution to the Globalization of Democracy

“When the middle class constitutes only 20–30 percent of the population, it may side with antidemocratic forces because it fears the intentions of the large mass of poor people below it and the populist policies they may pursue.”

For Francis Fukuyama the ultimate goal of any given liberal democracy is “Getting to Denmark” – a metaphor for a nation-at-rest with a solid legal system in place, a body politic purged of extremism, a credible democracy, and a “dose of healthful end-of-history tedium.” As such, Denmark perhaps represents the closest humanity may expect to get to perfection.

Mr Fukuyama, a senior fellow at the Center on Democracy, Development and the Rule of Law at Stanford University, is best known for his ground-breaking The End of History and the Last Man (1992) – a tome in which he argues that, with the advent of Western liberal democracy, mankind may have reached the end of its sociocultural evolution.

Though Mr Fukuyama’s conclusion has repeatedly been tried by later developments, he did quite successfully demolish the classical Marxist expectation that an antagonistic world would inevitably lead to communism displacing capitalism.

Political Order and Political Decay is the second (and final) volume of what may well turn out to be Mr Fukuyama’s magnum opus. Together with the first instalment of his diptych – The Origins of Political Order: From Pre-Human Times to the French Revolution – Mr Fukuyama aims to explain how we reached the end of history. Notwithstanding the ambitious scope of the project, he does a rather admirable job of it.

The journey starts as humanoids descent onto the plains and organise in hunter-gatherer groups and ends – 1,200 plus pages later – in the present-day world. However, unlike biological evolution, the progress of humankind has an endpoint. The trouble is that while the world is trying to get to Denmark, it barely understands how the Danish arrived at their present state of national bliss. Thus attempts to impose liberal democracy on wayward countries such as Somalia, Libya, Afghanistan, and Haiti are destined for failure. The endpoint is known; the path to it remains shrouded in fog.

Though insightful and a tour-de-force of singular significance, the two-volume work by Mr Fukuyama does seem to ignore the more irrational motivators of political development such as national myths, identities, and enmities. These less tangible, but nonetheless very real, considerations oftentimes determine the attitudes and aspirations of entire nations that – as a result – seem wholly uninterested in pursuing the Danish model.

Still, Mr Fukuyama’s tomes are essential reading for anyone interested in understanding the course of human development and how the end of history will come about.

Title Political Order and Political Decay: From the Industrial Revolution to the Globalization of Democracy
Author Francis Fukuyama
ISBN 978-0-3742-2735-7
Link http://www.amazon.com/gp/search?index=books&field-isbn=9780374227357

 

CFI

Recent Posts

When Trust Erodes: Unpacking the Anatomy of Corporate Scandals

Corporate scandals, from Wells Fargo’s fake accounts to Enron’s fraudulent accounting, shatter public trust and…

18 hours ago

The Evolution of Elite: A History of Hedge Funds

From Alfred Winslow Jones’s 1949 experiment to today’s trillion-dollar hedge fund industry, the story of…

3 days ago

The Vanishing Vault: Has Digital Banking Closed More Than Just Branches?

As physical bank branches vanish from high streets across Europe and North America, the shift…

1 week ago

AI Dividends Arrive: Big Tech’s Earnings Surge Shows Power of Scale and Strategy

Meta, Microsoft, Apple, and Amazon deliver robust earnings, reinforcing their central role in markets—and highlighting…

2 weeks ago

Sango Capital: Reframing Africa’s Investment Landscape for a New Global Cycle

As global capital seeks diversified growth and risk-adjusted returns, Sango Capital reaffirms Africa’s position as…

3 weeks ago

The Janus-Faced Banker: Hjalmar Schacht and the Tragedy of German Economics

Hjalmar Schacht, a brilliant economist who rescued Germany from hyperinflation, ultimately became an enabler of…

4 weeks ago