Liberalism and Its Discontents

Francis Fukuyama

In The Shock Doctrine – Naomi Klein’s book on how capitalism hijacked crisis to further its own unbridled growth agenda – she calls out Francis Fukuyama’s “History has ended. Capitalism and freedom go hand in hand” and essentially considered liberalism the endpoint of mankind’s ideological revolution. That book gave me a lot of (alternate) context on the general narrative of capitalism, and also shifted my view on Fukuyama because of his role in (probably) encouraging the Chicago School of thought that impacted the development of multiple countries across the globe.

That meant I picked up “Liberalism and Its Discontents” with some skepticism, but though Fukuyama defends liberalism, I felt that he has tried to dissociate himself from the extreme forms the ideology has taken, and attempted to see the criticism and shortcomings objectively. In that sense, probably redeemed himself in my eyes a bit. (not that he cares)

He begins by acknowledging the challenges facing liberal democracies, and then steps back to trace the historical and philosophical evolution of liberalism and how it came to be the go-to ideology after the Cold War, and begins his defence by reminding us of the significance of individual rights, rule of law, and market economies in creating and maintaining political and economic freedom. He also looks at liberalism’s internal frictions and contradictions. For instance, tension between individual rights and collective identities, and the excessive focus on individualism undermining social cohesion and communal solidarity. Individualism, which has resulted in the twin extremes of identity politics and populist nationalism.

Liberalism is attacked on many fronts since its basic tenets are all open to separate criticism, thereby questioning its essence. Collectively, these forces challenge the principles of liberal democracy by undermining institutional structures, eroding trust, and fostering polarisation in the general public. What has also compounded this is the the rise of social media, surveillance technologies, and artificial intelligence, and while these could be beneficial to liberal values theoretically, the current usage is mainly manipulation of information, erosion of privacy, and the potential for authoritarian control.

But what I felt was that his thinking is still largely Western, and thus does not really go deep into the nuanced challenges faced by other parts of the world, or the intersections of related issues – globalisation, economic inequality, and complicated cultural dynamics, which foment populist movements. And because of that, his dismantling of the alternatives seem less convincing, and look closer to the paraphrasing he attributed to Winston Churchill – liberalism is the worst form of government, except for all the others.

Liberalism and its discontents | Francis Fukuyama
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