Berliner Boersenzeitung - Bumper election year brings headwinds for liberal democracies

EUR -
AED 3.848545
AFN 71.691579
ALL 98.249937
AMD 409.166575
ANG 1.893257
AOA 955.599003
ARS 1055.407782
AUD 1.618233
AWG 1.888671
AZN 1.775894
BAM 1.954208
BBD 2.120972
BDT 125.527709
BGN 1.956857
BHD 0.394942
BIF 3103.371102
BMD 1.047806
BND 1.414447
BOB 7.259119
BRL 6.089819
BSD 1.050444
BTN 88.546844
BWP 14.331322
BYN 3.437799
BYR 20537.000655
BZD 2.117474
CAD 1.474792
CDF 3008.251544
CHF 0.928047
CLF 0.037127
CLP 1024.438264
CNY 7.598742
CNH 7.61493
COP 4614.328749
CRC 536.767717
CUC 1.047806
CUP 27.766863
CVE 110.17522
CZK 25.275811
DJF 187.057569
DKK 7.459016
DOP 63.328998
DZD 140.370377
EGP 51.960297
ERN 15.717092
ETB 131.454579
FJD 2.383078
FKP 0.827051
GBP 0.833698
GEL 2.860493
GGP 0.827051
GHS 16.49256
GIP 0.827051
GMD 74.394534
GNF 9051.623945
GTQ 8.107393
GYD 219.770911
HKD 8.154148
HNL 26.56835
HRK 7.474273
HTG 137.868968
HUF 410.489547
IDR 16691.290111
ILS 3.822245
IMP 0.827051
INR 88.50661
IQD 1376.078651
IRR 44099.537966
ISK 145.100182
JEP 0.827051
JMD 165.874831
JOD 0.743211
JPY 159.611924
KES 135.848258
KGS 90.922635
KHR 4216.604184
KMF 491.368396
KPW 943.025143
KRW 1464.445266
KWD 0.322399
KYD 0.875387
KZT 524.512581
LAK 22987.267963
LBP 94069.543905
LKR 305.900725
LRD 188.556348
LSL 19.007811
LTL 3.093899
LVL 0.633807
LYD 5.139812
MAD 10.530419
MDL 19.197356
MGA 4905.002974
MKD 61.516555
MMK 3403.233522
MNT 3560.445261
MOP 8.420139
MRU 41.782351
MUR 49.068632
MVR 16.188295
MWK 1821.51567
MXN 21.697105
MYR 4.664829
MZN 66.954932
NAD 19.007811
NGN 1768.183741
NIO 38.658498
NOK 11.705582
NPR 141.674551
NZD 1.786084
OMR 0.403391
PAB 1.050449
PEN 3.96397
PGK 4.234549
PHP 61.708975
PKR 291.872856
PLN 4.30552
PYG 8197.320106
QAR 3.830079
RON 4.977184
RSD 117.018519
RUB 110.536685
RWF 1447.320597
SAR 3.93656
SBD 8.791712
SCR 13.771247
SDG 630.260568
SEK 11.521058
SGD 1.411735
SHP 0.827051
SLE 23.785235
SLL 21971.976148
SOS 600.310814
SRD 37.097566
STD 21687.471914
SVC 9.19151
SYP 2632.644252
SZL 19.013506
THB 36.390236
TJS 11.224253
TMT 3.6778
TND 3.319495
TOP 2.454066
TRY 36.318868
TTD 7.14218
TWD 34.115941
TZS 2771.447073
UAH 43.645933
UGX 3891.828598
USD 1.047806
UYU 44.763523
UZS 13461.030774
VES 48.927674
VND 26624.75442
VUV 124.397652
WST 2.925046
XAF 655.422904
XAG 0.034319
XAU 0.000397
XCD 2.831748
XDR 0.803545
XOF 655.422904
XPF 119.331742
YER 261.872986
ZAR 19.022224
ZMK 9431.514109
ZMW 28.966396
ZWL 337.393155
  • RBGPF

    60.1000

    60.1

    +100%

  • SCS

    -0.1800

    13.54

    -1.33%

  • CMSC

    -0.1600

    24.57

    -0.65%

  • RIO

    -0.9500

    62.03

    -1.53%

  • NGG

    -0.4300

    62.83

    -0.68%

  • CMSD

    -0.1500

    24.43

    -0.61%

  • BP

    -0.3600

    28.96

    -1.24%

  • BTI

    0.3800

    37.71

    +1.01%

  • GSK

    -0.1300

    34.02

    -0.38%

  • RELX

    0.2400

    46.81

    +0.51%

  • AZN

    -0.0400

    66.36

    -0.06%

  • BCE

    -0.3900

    26.63

    -1.46%

  • RYCEF

    -0.0200

    6.78

    -0.29%

  • BCC

    -4.0900

    148.41

    -2.76%

  • VOD

    -0.0500

    8.86

    -0.56%

  • JRI

    -0.1300

    13.24

    -0.98%

Bumper election year brings headwinds for liberal democracies
Bumper election year brings headwinds for liberal democracies / Photo: SAMUEL CORUM - AFP/File

Bumper election year brings headwinds for liberal democracies

Voting by more than half the world's population in 2024 elections has left many liberal democracies facing crises of confidence, political fragmentation and heightened polarisation, with some observers fearing new wind in the sails of authoritarianism.

Text size:

The bumper election year was headlined by the November polls in the United States, democracy's self-described "shining city upon a hill", where Donald Trump emerged victorious.

Many post-vote analyses have focused on the economic drivers for the public's rejection of the Democratic party incumbents.

Trump's repeated threats to undermine the rule of law also appear to have done little to discourage voters.

The Republican has vowed to bring to heel a justice system that had targeted him with multiple investigations and trials, to punish hostile media outlets and even name civil servants on the basis of their ideological allegiances.

If Trump does everything he has said he will, "the United States will see the most intense assault on checks and balances and civil liberties in its peacetime history", political scientist Larry Diamond wrote in Foreign Affairs.

- Polarised and fragmented -

"We are at a dangerous moment, not only in the US but in many other places," Max Bergmann of the Center for Strategic and International Studies (CSIS) told AFP.

For the past two decades, the Western democratic model installed since 1945 and reinforced following the collapse of the Soviet bloc after 1989 has been on the back foot.

The US-based organisation Freedom House has highlighted increased violence and suspected or confirmed manipulation around many elections worldwide.

Elsewhere, some so-called "hybrid" systems saw powerful incumbents retaining their position but faced with determined, organised and new opposition.

India's Narendra Modi and Turkey's Recep Tayyip Erdogan suffered setbacks at legislative and municipal elections respectively.

Even in more competitive democratic systems, such as in Europe, "we are seeing increasingly polarised and fragmented politics", Bergmann said.

Germany's governing alliance between Social Democrats, Greens and Liberals collapsed this month, with little clarity about how a new government will look following new polls in February.

And in the neighbouring Netherlands, a fragile four-way coalition is battling internal division as it tries to stay afloat following the previous government's 2023 implosion.

France, where monolithic parties of left and right for decades took turns at power, has also seen its political landscape shattered since centrist Emmanuel Macron surged to the presidency in 2017.

His snap election surprise in summer has produced a parliament almost evenly divided between three blocs -- a united left, centre-right and far right.

With all sides at daggers drawn on almost every subject, reform efforts have been paralysed.

- 'Halt change' -

The volatile state of Western democracies can be explained by a "crisis of confidence in political parties and in the media that is unprecedented since 1945", said Bertrand Badie, an international relations expert at French university Sciences Po.

Voters were reacting to "a drought in what's on offer in politics", he added.

"What were Macron or Kamala Harris offering in France or in the US beyond preventing their rivals -- Trump or the far right led by Marine Le Pen -- from taking power? This creates a big problem with legitimacy."

Defiance towards traditional parties and incumbents has added to the attraction of populist and far-right parties.

Those made big gains in June's European elections as seen in votes in Germany, France, the Netherlands, as well as in Italy and Hungary prior to 2024.

Many voters are opting for politicians promising the toughest action on issues including immigration and purchasing power.

Personality is vital too, with Hungary's Viktor Orban and Trump managing to project implacable authority.

"The world and societies are going through a major transformation. Liberal globalisation has not brought answers for millions of people concerned about sometimes radical changes in the way we live alongside others, travel or produce," said Gilles Gressani, head of French geopolitical magazine Le Grand Continent.

"In consequences, there's increasingly strong demand to halt change -- and because that seems increasingly unlikely, the illusive temptation to withdraw" behind national borders, he added.

(A.Berg--BBZ)