It's not liberal democracy that's being rejected in favour of more authoritaria forms of government. Capitalism is what's being rejected; neoliberalism, along with growing wealth inequality, and unbridled corporatism. To the discussants here, the continued ascendance of neoliberalism is a forgone conclusion. That Europeans are rejecting austerity is disingenuously misinterpreted as a rejection of democracy. To pave the way, one presumes, for a more authoritarian form of government that will cram neoliberalism down their throats, if need be. And blame them -- the common people -- for not voluntarily submitting to corporate plutocracy.

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Neo-liberal, global-capitalism is a race to the bottom. It undermines the wages of the working class in the developed world by outsourcing or adding extremely cheap competition from other countries. This is the cause of the rise of the extreme alt-right who are seeking to regain the lost dignity and wages. Unfortunately this has manifested in a racist, xenophobic way. The solution is for governments to create policies that create small, local business to thrive. But this goes against the large capitalist interests that contribute large sums of money to political campaigns.

In this week's podcast, we hosted a live conversation from "The Daily", The New York Times' flagship podcast. In an event in partnership with The New York Times, we were joined by the podcast's host Michael Barbaro, as well as Berlin Bureau Chief Katrin Bennhold, London-based International Correspondent Ellen Barry, Executive Producer Theo Balcomb and Producer Clare Toeniskoetter for a conversation about the implications of the nationalist undercurrent currently sweeping across Europe.

The Daily: The Rise of Nationalism Across the Globe

Intelligence Squared is the world’s leading forum for debate and intelligent discussion. Live and online we take you to the heart of the issues that matter, in the company of some of the world’s sharpest minds and most exciting orators. 

Join the debate at www.intelligencesquared.com and download our weekly podcast every Friday. 

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