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What’s wrong with democracy?

The Economist's Democracy Index 2019 confirms democracy's decline in Latin America and the world.

What’s wrong with democracy?
The Economist Intelligence Unit
Published:

Something is definitely wrong with liberal democracy across the world. The old idea that the end of the Cold War will bring some Hot Peace where everybody will embrace democracy and forget a brutal past of confrontation, authoritarianism, violent dictatorship and systematic violations of human rights has proven to be overestimated. Wild competition brought about by the final phases of the tech revolution that accelerated globalisation to a paroxysm has ended in a push for deglobalisation, introspection and refuge into the narrow boundaries of old nation states and identity politics.

As we enter the third decade of the 21st century, increasing inequality, wild neoliberalism, the rise of populisms, charismatic rogue leaders and widespread social unrest are the name of the game

Thus, across the world, last year has been defined by popular protests and democratic setbacks. So much so that the latest Economist Intelligence Unit (EIU) Report on Democracy, known and Democracy Index scored this year as the lowest since 2006. This is to say that 2019 was the worst in terms of global respect for democracy since its democracy index began. We are now in a position where only 5.7% of the world’s population lives in what this index considers a full democracy.