An ambitious account of the corrosion of liberal democracy in rich and poor countries alike, arguing that antidemocratic sentiment reflects fear of material and cultural loss, not a critique of liberalism's failure to deliver equality, and suggesting possible ways out.

The retreat of liberal democracy in the twenty-first century has been impossible to ignore. From Wisconsin to Warsaw, Budapest to Bangalore, the public is turning against pluralism and liberal institutions and instead professing unapologetic nationalism and majoritarianism. Critics of inequality argue that this is a predictable response to failures of capitalism and liberalism, but Pranab Bardhan, a development economist, sees things differently. The problem is not inequality but insecurity-financial and cultural.

Bardhan notes that antidemocratic movements have taken root globally in a wide range of demographic and socioeconomic groups. In the United States, older, less-educated, rural populations have withdrawn from democracy. But in India, the prevailing Hindu Nationalists enjoy the support of educated, aspirational urban youth. And in Europe, antidemocratic populists firmly back the welfare state (but for nonimmigrants). What is consistent among antidemocrats is fear of losing what they have. That could be money but is most often national pride and culture and the comfort of tradition.

A World of Insecurity argues for context-sensitive responses. Some, like universal basic income schemes, are better suited to poor countries. Others, like worker empowerment and international coordination, have broader appeal. But improving material security won't be enough to sustain democracy. Nor, Bardhan writes, should we be tempted by the ultimately hollow lure of China's authoritarian model. He urges liberals to adopt at least a grudging respect for fellow citizens' local attachments. By affirming civic forms of community pride, we might hope to temper cultural anxieties before they become pathological.

About the Author
Pranab Bardhan is Distinguished Professor, Emeritus, of Economics at the University of California, Berkeley. His books include Awakening Giants, Feet of Clay: Assessing the Economic Rise of China and India, and Scarcity, Conflicts, and Cooperation: Essays in the Political and Institutional Economics of Development.

Reviews
Situating American Trumpism within a global story of the rise of antidemocratic politics in other big, diverse countries like Brazil and India,...[Bardhan] presents a sober contemplation of demagogues like Jair Bolsonaro and Narendra Modi, who weaken democracy with the support of disaffected electoral majorities. -- Alexander Burns * New York Review of Books *
Ambitious...[This book] makes an important contribution to the burgeoning literature on the erosion of democracy worldwide. -- Martin Wolf * Financial Times *
Bardhan argues that the ills plaguing the world are best understood not in terms of inequality but in terms of insecurity-simmering economic and social anxiety about job loss, declining incomes, poverty, and cultural change. -- Daron Acemoglu * Foreign Affairs *
Not poverty, not inequality, but insecurity is at the root of the worldwide upsurge in populism and disenchantment with democracy. This is the main message of A World of Insecurity...[Bardhan's] impressively comprehensive, richly informed and balanced book. -- Philippe Van Parijs * Brussels Times *
Bardhan's contribution to a growing body of literature on the phenomenon of disenchantment is particularly welcome as it not only contains piercing commentaries and fresh insights but also offers some workable solutions to this conundrum...The book hands us a great opportunity to bridge the widening gap between intellectual rigour and popular opinion. -- Iman Kumar Mitra * Telegraph India *
Wide-ranging...Policy makers, labor activists, and economists will find much to chew on. * Publishers Weekly *
[Bardhan] proposes that liberalism's ethical principles-its normative claims-are still as palpable today in our present historical circumstances, in the political ruins we call neoliberalism and populism, as they were at their origin in the seventeenth century. -- James Livingston * Project Syndicate *
An accessible book, challenging but with impressive and topical examples. -- Christine Shields * Society of Professional Economists *
In his bold new book [Bardhan] explains the rise of authoritarianism, in many cases driven, as he says, by populist demagogues-leaders who claim to embody the popular will and who, though they may emerge in formal democracies, then trample upon the rules and institutions of representative government. -- John Harriss * Today's Totalitarianism *
A World of Insecurity well points out the critical issues of a world where democracy loses the postulate of the people's participation in collective decision-making. -- Albertina Nani * History of Economic Thought and Policy *
In this important book, Pranab Bardhan explores how and why the insecurities of our age have metastasized into our democratic institutions. These cancers on democracy block the cooperation necessary for solution of all other major problems. Thus, they are arguably the most consequential developments of our times. -- George Akerlof, 2001 Nobel Laureate in Economics
Pranab Bardhan is one of the wisest social scientists writing today, and the hallmarks of his writing are parsimony, clarity, and the depth of ideas. Indeed, the ratio of ideas to pages is among the highest in our field. A World of Insecurity is a panoramic book weaving together an analysis of the current economic and political crisis, acutely discussed by a master political economist. -- John Roemer, Yale University
A World of Insecurity is an outstanding work. Bardhan tackles hard questions without illusions but also without becoming disillusioned. -- Samuel Bowles, Santa Fe Institute, author of The Moral Economy: Why Good Incentives Are No Substitute for Good Citizens



Book Information
ISBN 9780674259843
Author Pranab Bardhan
Format Hardback
Page Count 240
Imprint Harvard University Press
Publisher Harvard University Press