Daron Acemoglu on whether the UK is "ungovernable" and where Britain has "gone wrong"

by semaayildizz
I don't even want to think about the
possibility that we do nothing
because, yes, it's it's it's it's a
terrible path.
>> Do you think Britain is a test
case for what's gone wrong?
>> 100%. If it was 40 years of
neoliberalism that was culpable for
liberal democracy's crisis, you would
just reverse that and you'll be home and
dry. But I think the situation is much
more complicated. There is this anger
and just complete dissatisfaction, and
that's why we need both a new way of
motivating people so that they can come
together around shared values and shared
aspirations
and also have a feasible plan of
delivering the kinds of things that they
want. The way I like to begin when I'm
lucky enough to meet a Nobel laureate
who has spent years and
>> That's my, it's my life. It's my life.
>> Well, but you've you've condensed, you've
condensed it down to a question. What
has happened to liberal democracy?
>> I think in a nutshell you can say that
liberal democracy went from success to
crisis.
And if you want to rebuild better
democratic institutions for the future,
we have to understand the success, which
is about shared prosperity and providing
voice and self-government to people, and
the crisis, which comes with what I call
the post-industrial age, an age defined
by digital technologies, globalization,
and new coalitions. And I just wonder,
given that this is the overarching