Francis Fukuyama is the Olivier Nomellini Senior Fellow, director of the Freeman Spogli Institute for International Studies, and professor (by courtesy) of political science at Stanford University.
Despite the persistent doomsaying about the political consequences of untrammeled international capital flows, financial liberalization may actually contribute to democratic consolidation.
The regime’s ill-fated policy to eliminate covid from China spurred the largest protests in a generation. It also made Xi Jinping’s challenge of maintaining authoritarian control over Chinese society even…
