Contemporary Greece shows clearly what may happen when both the political class and the voting public indulge in their particularistic interests by externalizing the cost at the expense of institutions. The populist democracy that resulted out of such collusion in Greece led to a deep crisis of legitimation and rendered the political system prone to breakdown. Normatively, the Greek case argues forcibly against the idea that populism may be a corrective of democracy. Instead, it is suggested that Greece’s only way out of its current impasse is the return to liberalism and the reinstitution of liberal principles.
KeywordsParty System Political Liberalism Political Class Crisis Politics Weimar Republic
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