Nobel Laureate Warns of Potential US Decline by 2025

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Daron Acemoglu, the 2024 Nobel Prize-winning economist, expressed concerns in a recent interview that the year 2025 might represent a turning point in the decline of the United States. He highlighted a growing distrust in Western democracies, exacerbated by social media amplifying extremist views. Acemoglu criticized the dominance of American technology giants, warning of dire economic consequences for Europe if it continues to lag behind the US.

According to Acemoglu, the current crisis of democracy stems from unfulfilled promises to citizens, particularly in terms of equal opportunities and high-quality public services. He noted that European economies have faced significant setbacks since the 2008 financial crisis, failing to effectively address issues such as youth unemployment and infrastructure shortcomings.

Acemoglu condemned the adversities posed by rising populism and extremist ideologies in both the US and Europe, urging for an open discussion on immigration concerns in public discourse. He expressed skepticism about the resilience of American democratic institutions against increasing polarization and the control exerted by activist groups within political parties. Despite these challenges, he remains hopeful that rational politics can restore balance to democracy.

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