Possible repercussions of economic crisis on the stability of democracies that already show significant signs of fragility
There is a reasonable likelihood that the next global economic crisis could threaten the future of our democratic political systems. The global economic system is a complex, adaptive system, like many others in nature and in society, and shares their basic characteristics. Underlying stresses can result in crises which, moreover, can feed through to destabilize other systems. There is a growing understanding of the damage that can be done to the economy by health pandemics and environmental degradation. In contrast, this new INET Working Paper focuses on interactions working in the opposite direction: more specifically the possible repercussions of economic crisis on the stability of democracies already showing significant signs of fragility.