Sublime

every authoritative

to participate in the great decisions of government. There was, Lippmann brooded, no “intrinsic moral and intellectual virtue to majority rule.” Lippmann’s disenchantment with democracy anticipated the mood of today’s elites. From the top, the public, and the swings of public opinion, appeared irrational and uninformed. The human material out of

arrangements. Public

Europe, as noted earlier, has in a short span of time gone from being the most predictable and stable region—one where history seemed to have truly ended (as suggested in an influential essay published in 1989 by the American political scientist Francis Fukuyama)—to something dramatically different. Democracy, prosperity, and peace all seemed

interest to the

faster churning of companies in and out of the S&P 500, the death of news and the newspaper, the failure of established