The recent years have witnessed a rise in illiberalism across Europe, with a decline in ‘full democracies’ and a rise in ‘hybrid regimes’ or ‘authoritarian regimes’. Governments are increasingly infringing upon justice, press freedom, and civil society organizations. This shift is not limited to the European Union, but its repercussions are felt throughout Europe. Despite the benefits brought by the Washington Consensus – globalism, liberalism, and democracy – there is a growing rejection of [mepr-show rules=”1611″ unauth=”both”]these values in favor of nationalism, illiberalism, and authoritarianism.

It is crucial to preserve the values of globalism, liberalism, and democracy, even as they face criticism. History shows that periods of illiberalism are temporary, and despotic regimes eventually face public backlash. The European Left and Right have made mistakes that have contributed to the current situation, such as neglecting education, innovation, and entrepreneurship.

Potential solutions involve finding common ground between the European Left and Right, prioritizing a strong Europe in the global context. This requires addressing issues such as neglecting European federalism, monetary and fiscal orthodoxy, and short-termism in business practices.

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