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The Next Big Idea · 2026-08-31 · 54 min · 7,652 words

A Nobel Prize Winner’s Plan to Save Democracy

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I'm Caleb Bissinger and this is the next big idea. Today. Democracy is in trouble. Is it time for an upgrade? Jerome Azimoglu is widely considered to be the most influential economist.

In the world. He won the Nobel Prize in 2024. He teaches at MIT, and he's got a new book out called What happened to liberal democracy? It's about how liberalism transformed the world for the better.

In the decades following World War Two. why it has since faltered, and why we now need to reinvent it to address the social and economic implications of AI. Today we talk about How we got so polarized and why people like Darona and myself are partly to blame. What to make of the recent surge of socialism in the United States? And why Darone, once a prominent AI skeptic,

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