The state has lost control: tech firms now run western politics

Democracy is under threat from rising inequality and terrorism. Google and Facebook have taken over

By now, the fact that transatlantic democratic capitalism, once the engine of postwar prosperity, has run into trouble can hardly be denied by anyone with the courage to browse a daily newspaper.

Hunger, homelessness, toxic chemicals in the water supply, the lack of affordable housing: all these issues are back on the agenda, even in the most prosperous of countries. This appalling decline in living standards was some time in the making - 40 years of neoliberal policies are finally taking their toll - so it shouldn't come as a shock.

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