Fri Jan 27, 2023 – 3:28 pm EST
(LifeSiteNews) — As BlackRock announces the end to the forty-year period of prosperity known as the Great Moderation, it is timely to assess what else we might be compelled to call the new normal. We have said goodbye to the presumption of rising living standards and stability which typified this now bygone era. How have our other expectations fared?
With every new war there is a repeated invocation of “Our values.” We inhabit, we are told, a “rules-based order” which uniquely qualifies we in the West as having a morally superior political culture. These wars are prosecuted in the name of democracy and freedom. Given their repeated invocation, and hallowed status in the grandstanding speeches of our management, it is worth seeing what survives in the West of liberal democracy.
Liberalism has many forms. The one which should concern us here describes the values of the West from the fall of the Soviet Union to today. This liberalism is the belief in individual rights and the supremacy of the electoral system, allied with access to cheap and plentiful consumer goods. It is a position perhaps best summarized by
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