A massive victory in a global struggle between democracy and authoritarianism leads to a wave of new democracies, especially in central and eastern Europe. The United States’ brand of aggressive and innovative capitalism reigns, setting the terms of the world economy. But triumph soon gives way to dissatisfaction, and with it, the first signs of collapse. Authoritarian governments reemerge in the new democracies, plunging both democracy and capitalism into potentially terminal crisis. This