For many Americans, the decades following World War II were golden years: Jobs were plentiful, growth was steady and people trusted government. But with the rise of the information age and globalization, jobs disappeared, the divisions between the educated and the working class sharpened, and inequalities rose. Governance expert William A. Galston dissects this evolution and urges strong public policies to help capitalist markets protect liberal democracy. This article is crucial reading for anyone concerned about the future of democracy, in the United States or anywhere else.
About the Author
William A. Galston is a senior fellow at the Brookings Institution.