Capitalism, Socialism, and Democracy

A review of The Troublemaker: How Jimmy Lai Became a Billionaire, Hong Kong’s Greatest Dissident, and China’s Most Feared Critic, by Mark L. Clifford.

Populism is a mortal threat to liberal democracy, but it rarely hits the mark. The evidence shows that these would-be strongmen require an extraordinary set of circumstances to succeed, which…

The regime has only institutionalized itself partially and temporarily; institutional norms are currently eroding, and this is likely to continue.