Nobel laureate Daron Acemoglu argues that liberal democracy flourished when it pursued its core promises of shared prosperity, democratic governance, and the free pursuit of knowledge. But liberalism, a philosophy built to challenge power, never fully adjusted to becoming the establishment. Using the wide interdisciplinary lens that has won him global acclaim, Acemoglu lays out the successes and failures of our most important political system, and his vision of a new way forward…