Francis Fukuyama, one of the world’s leading intellectuals, spoke to CDE’s executive director Ann Bernstein about democracy, business, markets, and development.
Pointing out that Freedom House had showed in its 2020 report that freedom in the world had declined for a 15th consecutive year, at a steeper rate than before, Fukuyama said that he was “not optimistic” about the future of liberal democracy.
Fukuyama believes that we are “in a serious crisis of democracy right now” and that “it is not going to get better unless people push back against these authoritarian tendencies” across the world.
Fukuyama argues that to make reform happen, you have to confront entrenched forces in a society that seeks to prevent reform from happening. This is especially true when it comes to corruption.