2010 Essays
Democracy Isn't the Only System in Crisis Now
The collapse of the Greek economy, which has exacerbated the crisis facing the European Union, along with the bickering, partisanship and inability to get anything done in Washington reflects the post-recession meltdown facing western democracies. Europe and the U.S. are experiencing one of the periodic crises which have come and gone in recent decades. Because of the economic problems, this one may well be worse. The broad turmoil which this will cause for the western democracies will be serious, but it should be seen in a broader context. The next few years will be tough for the world's major democracies, but they may be worse for the world's non-democratic regimes.
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- Harriman Institute
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- October 13, 2011