Then finally, there's a good economic reason for choosing a liberal society because among the rights that liberalism protects is the right to own pri… - Francis Fukuyama

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Then finally, there's a good economic reason for choosing a liberal society because among the rights that liberalism protects is the right to own private property, to transact, to engage in commerce, and therefore it is the basis of a market economy. Liberal societies like England and the Netherlands in the 17th century, were the leaders in terms of creating the modern economic world precisely because they respected property rights and trade. Even Communist China, when it opened up in... 1978, did so by adopting certain liberal principles. Deng Xiaoping allowed peasants to keep the fruits of their labor, and as a result of those incentives, quasi-property rights, agricultural productivity doubled in the space of 4 years, and in general, the most dynamic parts of this amazing Chinese growth story come from the private sector where people are allowed to buy and sell, and... in effect to own property. So even in a... politically illiberal society, economic liberalism has led to tremendous prosperity. So those are the 3 reasons.

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About Francis Fukuyama

Yoshihiro Francis Fukuyama (born October 27, 1952) is an American philosopher, political economist, and author best known for his 1992 book, The End of History and the Last Man.

Also Known As

Birth Name: Yoshihiro Francis Fukuyama
Alternative Names: Francis Yoshihiro Fukuyama Fukuyama
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The other big issue is an emotional one. We tend to feel the greatest bonds of solidarity with people that are close to us. There are very few true citizens of the world. We're citizens of individual countries and we really feel the closest bonds to people that live within our nation, and therefore... the nation becomes a kind of social glue. But if you're going to make a national identity compatible with liberalism, it has to be the right kind of national identity. It has to be one that is open to all of the citizens that actually live in the territory of the nation. It can't exclude certain groups by race, by ethnicity, by religious belief and the like, and therefore it needs to be an open identity that is based on essentially liberal ideas.

[W]hile Trump is not going to be president, Trumpism is going to survive. ...[T]he Democrats need to look very very carefully at those election results because ...the Republicans did well not necessarily because people love what they represent, but because they don't like what the Democrats represent... [U]nless they sort out what that is, they are going to continue to lose elections.

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Now the argument that I make in my book is that part of the current disaffection with liberalism is not from any of its basic principles, but... is the result of certain deformations of liberal principles that were carried to extremes that led... to bad outcomes... [T]here's a move in this direction on the right and... on the left.

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