Evidence of the trend is inescapable. Just in the past year, Labour routed the ruling British Conservatives by a historic margin, and France’s centrist President Emmanuel Macron saw his authority weakened by the inconclusive result of a snap election. In Japan, the ruling conservative Liberal Democratic Party, which has governed almost continuously since 1955, lost its parliamentary majority in the powerful lower house. In South Africa, the African National Congress lost its absolute majority for the first time since the end of apartheid. In South Korea, President Yoon Suk Yeol’s party lost midterm elections by a landslide. The party of Indian Prime Minister Narendra Modi failed to gain a majority for the first time since 2014. In Argentina, in the fall of 2023, the ruling Peronist coalition lost to the libertarian outsider Javier Milei.
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Intranational economic inequality at a global scale.
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Evidence of the trend is inescapable. Just in the past year, Labour routed the ruling British Conservatives by a historic margin, and France’s centrist President Emmanuel Macron saw his authority weakened by the inconclusive result of a snap election. In Japan, the ruling conservative Liberal Democratic Party, which has governed almost continuously since 1955, lost its parliamentary majority in the powerful lower house. In South Africa, the African National Congress lost its absolute majority for the first time since the end of apartheid. In South Korea, President Yoon Suk Yeol’s party lost midterm elections by a landslide. The party of Indian Prime Minister Narendra Modi failed to gain a majority for the first time since 2014. In Argentina, in the fall of 2023, the ruling Peronist coalition lost to the libertarian outsider Javier Milei.
Intranational economic inequality at a global scale.