In Post-Democracy (Polity, 2004) Colin Crouch argued that behind the façade of strong institutions, democracy in many advanced societies was being hollowed out, its big events becoming empty rituals as power passed increasingly to circles of wealthy business elites and an ever-more isolated political class. Crouch’s provocative argument has in many ways been vindicated by recent events, but these have also highlighted some weaknesses of the original thesis and shown that the situation today is even worse. The global financial deregulation that was the jewel in the crown of wealthy elite lobbying brought us the financial crisis and helped stimulate xenophobic movements which no longer accept the priority of institutions that safeguard democracy, like the rule of law. The rise of social media has enabled a handful of very rich individuals and institutions to target vast numbers of messages at citizens, giving a false impression of debate that is really stage-managed from a small number of concealed sources. Crouch evaluates the implications of these and other developments for his original thesis, arguing that while much of his thesis remains sound, he had under-estimated the value of institutions which are vital to the support of a democratic order. He also confronts the challenge of populists who seem to echo the complaints of Post-Democracy but whose pessimistic nostalgia brings an anti-democratic brew of hatred, exclusion and violence.

Examines the economic, social, cultural, as well as purely political threats to democracy in the light of current knowledge.

The first panoramic history of the Western world from the 1970s to the present day—from the Cold War to the 2008 financial crisis and wars in the Middle East—Empire of Democracy is “a superbly informed and riveting historical analysis of our contemporary era” (Charles S. Maier, Harvard University). Half a century ago, at the height of the Cold War and amidst a world economic crisis, the Western democracies were forced to undergo a profound transformation. Against what some saw as a full-scale “crisis of democracy”—with race riots, anti-Vietnam marches and a wave of worker discontent sowing crisis from one nation to the next—a new political-economic order was devised and the postwar social contract was torn up and written anew. In this epic narrative of the events that have shaped our own times, Simon Reid-Henry shows how liberal democracy, and western history with it, was profoundly reimagined when the postwar Golden Age ended. As the institutions of liberal rule were reinvented, a new generation of politicians emerged: Thatcher, Reagan, Mitterrand, Kohl. The late twentieth century heyday they oversaw carried the Western democracies triumphantly to victory in the Cold War and into the economic boom of the 1990s. But equally it led them into the fiasco of Iraq, to the high drama of the financial crisis in 2007/8, and ultimately to the anti-liberal surge of our own times. The present crisis of liberalism is leading us toward as yet unscripted decades. The era we have all been living through is closing out, and democracy is turning on its axis once again. “Brilliantly, Reid-Henry calls for the salvation of democracy from the choices of its own leaders if it is to survive” (Samuel Moyn, Yale University).

Following up on his timely and well-received book, A Failure of Capitalism, Richard Posner steps back to take a longer view of the continuing crisis of democratic capitalism as the American and world economies crawl gradually back from the depths to which they had fallen in the autumn of 2008 and the winter of 2009. By means of a lucid narrative of the crisis and a series of analytical chapters pinpointing critical issues of economic collapse and gradual recovery, Posner helps non-technical readers understand business-cycle and financial economics, and financial and governmental institutions, practices, and transactions, while maintaining a neutrality impossible for persons professionally committed to one theory or another. He calls for fresh thinking about the business cycle that would build on the original ideas of Keynes. Central to these ideas is that of uncertainty as opposed to risk. Risk can be quantified and measured. Uncertainty cannot, and in this lies the inherent instability of a capitalist economy. As we emerge from the financial earthquake, a deficit aftershock rumbles. It is in reference to that potential aftershock, as well as to the government's stumbling efforts at financial regulatory reform, that Posner raises the question of the adequacy of our democratic institutions to the economic challenges heightened by the greatest economic crisis since the Great Depression. The crisis and the government's energetic response to it have enormously increased the national debt at the same time that structural defects in the American political system may make it impossible to pay down the debt by any means other than inflation or devaluation.

In Four Crises of American Democracy, Alasdair Roberts puts democratic malaise in the United States in perspective. He describes four distinct "democratic crises" over the past century, and describes how government changed in response to each crisis. The institutions of American democracy, Roberts says, are more flexible than is often appreciated.

The EU referendum in the UK and Trump’s victory in the USA sent shockwaves through our democratic systems. In Democracy and Its Crisis A. C. Grayling investigates why the institutions of representative democracy seem unable to hold up against forces they were designed to manage, and why it matters. First he considers those moments in history when the challenges we face today were first encountered and what solutions were found. Then he lays bare the specific threats facing democracy today. The paperback edition includes new material on the reforms that are needed to make our system truly democratic.