"And it took the experience of yet more illiberal regimes and failed democracies—by 1941, there were just eleven democracies left amidst the carnage of the Second World War—before the commitment to combining liberal values and the institutions of democratic equality was reaffirmed amid the “general political fatigue” of the postwar moment. A more consistent set of liberal democratic political institutions locked into place across the Western countries after 1945, binding them more closely together as it did so. These same countries exceeded even their prewar trajectory of industrialization and they now bureaucratized as well. The resulting era of prosperity—“the Golden Age,” les trente glorieuses, the wirtschaftswunder, the miracolo economico: most countries had a term for it—was always more golden for some than it was forever. It also unfolded in the shadow of the struggle between capitalism and the communist world: indeed, it was significantly shaped by that struggle. But it nonetheless provided an unprecedented degree of political stability and economic progress that left its mark in “the institutions and the manners,” as Tocqueville put it, of the Western nations. The gap between rich and poor narrowed and for many there was a sense that the Western world’s political compass was pointing in the right direction. People felt they knew where they stood and that they had a good chance of getting to where they wanted to be. This is not at all what many now think of when they think about democracy today. For all its achievements, the modern democratic state has been hollowed out. The markets upon which the delivery of political outcomes has come to rely are volatile and encourage short-term thinking. Today's citizens are garlanded with an extended panoply of political rights, yet they routinely lack the social protections once taken for granted by their elders. The people grow resentful of the political elite's detachment, while the public domain through which democratic voice is exercised has been parceled out to the highest bidder. A thinly scraped notion of liberty has gained the upper hand over equality. Something has changed, in short, and in the turmoil of the present it may be changing again."