SINGAPORE (Mar 4): The post-war economic success of liberal democracies was not simply the result of letting markets flourish. The US and European countries also embedded markets in a structure that allowed people to take the fullest advantage of them. That structure is breaking down, energising populist leaders of both the left and the right. While they pose the right questions, they rarely have the right answers. Perhaps, instead, they should make it easier for people to devise their own solutions.

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