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28 February 2021

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At the dawn of the 21st century, the intellectual Francis Fukuyama wrote one of his most influential concepts: “The end of history.” This is how the Japanese referred to the political and economic system that emerged in 1989 after the fall of the Berlin Wall and the subsequent collapse of the Soviet Union. For Fukuyama, the story ended when the West had finally removed all obstacles to the peace needed to embark on the greatest and fastest economic growth in recent history. Many of Fukuyama’s ideas were passionately backed by governments and business schools around the world. From that moment on, the US would become the hegemonic power thanks to a system of alliances with the EU and other world governments that allowed it to exercise control with a certain degree of tranquility. Today, that world is on the verge of collapse.

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