"..In his 1992 work The End of History...

"..In his 1992 work The End of History and the Last Man, Francis Fukuyama argued that the central theme of modern history is the struggle between despotism and what we now know as democratic capitalism. The latter certainly has the upper hand. But it’s a stretch to claim, as Fukuyama did, that it has won the war. Every day we find evidence that economic efficiency, which has traditionally underpinned democratic capitalism, is failing to distribute the concomitant gains. The stark realities of the Pareto distribution threaten the electorate’s core belief that the combination of democracy and capitalism can make the lives of a majority of us better over time. Our system is much more vulnerable and much less fair than we like to think. That needs to change."