Just over twenty years ago Francis Fukuyama declared liberal democracy the end of history. But history marched on, revealing rot in democracy’s roots. Around the world, from radical leftists in Venezuela and Greece to American Trump supporters, bitter voters wave their banners around populist demagogues. Nationalist movements, echoing those that lead to the first world war, are on the rise. The working classes reject globalization, immigration and economic liberalism. The United Kingdom voted to leave the European Union, and other countries may soon follow suit. In the United States, the political parties are more polarized than ever before, with the most right-wing Democrat to the left of the most left-wing Republican. As a result, the United States faces gridlock and tribal politics rather than compromise solutions.