I guess what I love most is that this is another view of an issue he's already covered. Which, not gonna lie, totally rocks. And I could not give Mr. Drezner enough kudos for being able to argue two sides of one story. He doesn't just argue both sides, but he argues both sides well.
He uses this combination of charts that kind of blows my mind... in a good way. They show various countries' public opinion on whether or not the free market economy is the best system on which to base our future. The chart basically shows that while, yes, things kind of suck right now, global public opinion has grown in favor of the free market economy. This means that while everyone agrees we need to take action, yet disagrees on what the action may be, we can be certain it won't be "autarky", as Mr. Drezner puts it.
He also previously expressed fear, like many of us, for possible violent reactions to the state of the economy. In this post, he quotes the same paper from before, but this time with statistics denoting that the probability of democratic nations experiencing actual violence, like England, is extremely low. Hopefully, he's right when he says "...London, in other words, might prove to be the exception more than the rule".
Basically, based on all the data provided, it's not probable that things will get too terribly worse on a social or political level. So, things suck, but maybe we've hit rock bottom. Maybe it's time to crawl out of this hole? The G20 and WTO have a lot on their hands, but we at least HAVE a G20 and WTO this time. Surely, this is no 1930's re-run.
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