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Pratap Bhanu Mehta — A darkening horizon [for the liberal order]

Summary:
As the recently much derided “liberal order” ebbs away, what is the ideological constellation that will replace it? The liberal order was often more an idea than a reality and in international politics, often not very liberal at all. But it operated within a series of normative horizons — economic centrism, openness to trade, multiculturalism, and so on. The flagbearers of that order are losing credibility all across the world, for a variety of reasons. Deep misjudgements on inequality, issues of identity and structural corruption made liberal, centrist politics lose its sheen. Of course, each country from India to Brazil, Hungary to the United States has its own historical specificity. But there are still common tropes that are running through the politics of these countries. Do these

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As the recently much derided “liberal order” ebbs away, what is the ideological constellation that will replace it? The liberal order was often more an idea than a reality and in international politics, often not very liberal at all. But it operated within a series of normative horizons — economic centrism, openness to trade, multiculturalism, and so on. The flagbearers of that order are losing credibility all across the world, for a variety of reasons. Deep misjudgements on inequality, issues of identity and structural corruption made liberal, centrist politics lose its sheen. Of course, each country from India to Brazil, Hungary to the United States has its own historical specificity. But there are still common tropes that are running through the politics of these countries. Do these common tropes signal a new set of normative horizons? Here are some elements of the new constellation that will characterise the politics of more countries....
The Indian Express
A darkening horizon
Pratap Bhanu Mehta | vice-chancellor, Ashoka University
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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