Is it too late to save liberal democracy?
Martin Wolf on Daron Acemoglu’s urgent rallying cry for a new politics of shared prosperity Then AED275 per month. Complete digital access to quality FT journalism on any device. Cancel anytime during your trial. Essential digital access to quality FT journalism on any device.
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Sources cited:
📰 FT Economics ↗
⚡ Effects Interpreter
🌍World Economy
- ▶Economists will chew this over, and growth forecasts may be nudged.
- ▶Imports and exports between big trading partners could feel a direct tug.
🏙️Local Economy
- ▶Local shops that rely on imports could subtly reset their price tags.
- ▶Your cost of living could feel a soft nudge either way.
🏦Rates & Banks
- ▶Central banks watch moments like this closely, so keep an eye on savings rates.
- ▶Borrowing costs could hold steady for now, but they can turn on fresh news.
❤️Health
- ▶Day-to-day stress can creep up if this starts touching familiar routines.
- ▶Community wellbeing may dip a little while people wait for clarity.
💷Wealth
- ▶Nest eggs can wobble briefly before finding their footing again.
- ▶Long-term savers usually ride out these small bumps just fine.
🏠Housing
- ▶The property market tends to move slowly, so expect any change to take time.
- ▶Mortgage deals could edge around if lenders read the wider mood.