The Economist – Is America dictator proof?
This week’s Economist asks: Is America dictator-proof? The many vulnerabilities, and enduring strengths, of America’s Republic.
Summary
America’s republic faces significant vulnerabilities alongside its enduring strengths. Following the Cold War, the American political model appeared unassailable. However, recent years have seen a decline in confidence among Americans. Factors such as reckless wars, financial crises, and institutional decay have intensified political battles, making presidential elections feel like high-stakes events. Leaders have publicly doubted the integrity of democracy, and attempts to obstruct the peaceful transfer of power have occurred. These issues have justifiably raised concerns about the resilience of the American system against rising authoritarianism.
The key takeaway is that relying solely on the Constitution to protect the republic is overly optimistic. The preservation of democracy relies heavily on the courage and convictions of individuals across the nation, particularly those responsible for creating and enforcing laws.
The latest business news
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The London business newspaper CITY AM reports economists are warning the PM’s defence spending boost will come at a heavy price – and asks who’s going to pay.
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Elon Musk is to launch $300 million share offer in bid to refocus on business after a wild time in US politics – that hit the billionaire’s pocket hard.
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KKR, previously the preferred bidder to rescue Thames Water, has withdrawn, complicating the company’s financial stability amid a £22.8bn debt crisis.
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The UK government is prepared to take legal action against Roman Abramovich over £2.5 billion in frozen proceeds from the sale of Chelsea FC, intended for humanitarian aid in Ukraine.
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Fraudster conned luxury hotels by selling fake Scottish tea in a scam that spanned years and left him living the life of a gangster.
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Cliff Notes – IMF upgrades UK economic growth forecast The IMF has revised its UK economic growth forecast upward to 1.2% for this year, although this remains lower than earlier projections from January and October. Trade tensions stemming from US tariffs are anticipated to hinder UK economic growth, potentially reducing GDP by 0.3% by 2026.
