2024 saw ongoing conflicts in Gaza, Ukraine, and Sudan, alongside a record number of elections worldwide that resulted in numerous incumbents being ousted. Key political changes included the fall of dictators in Syria and Bangladesh, and significant electoral shifts in countries like the UK, Japan, and the US.
Fareed Zakaria argued that the 2024 U.S. election results were part of a broader, deeper backlash against the status quo, driven by populism, anxiety, and anger in the West. He linked this to themes in his book, 'Age of Revolutions,' which discusses societal backlashes and the rise of populist movements.
In 2024, every incumbent government that faced elections suffered significant losses, a trend referred to as the 'incumbent penalty.' Examples include the British Tories' historic defeat, the LDP's loss in Japan, and the weakening of incumbents in countries like Mexico and Taiwan. India was an exception, where Modi retained power despite facing an incumbent penalty.
Fareed Zakaria noted that while democratic institutions faced a crisis of legitimacy, democracy itself proved resilient. He highlighted that elections served as an escape valve during times of turmoil, allowing people to change governments and express dissatisfaction, which he saw as a strength of democratic systems.
The Biden administration's Middle East policy had mixed outcomes. While the U.S. lost soft power due to its support for Israel's war in Gaza, it achieved strategic gains by weakening Iran, Hezbollah, and the Assad regime. Israel emerged as the dominant military power in the region, and the American-led security order was strengthened.
Israel's northern strategy, which targeted Hezbollah and Iran's proxies, was highly successful. It destroyed Hezbollah's command structure, weapons caches, and Iran's air defenses, leading to the collapse of the Assad regime in Syria. This significantly weakened the 'axis of resistance' and reordered the Middle East in favor of Israel and the U.S.
Fareed Zakaria criticized the Biden administration's early confrontational approach toward China, particularly the Anchorage meeting, which he saw as unnecessarily antagonistic. He argued that a more cooperative approach could have better aligned with China's economic interests and prevented the deepening of the Russia-China alliance.
The expansion of BRICS to include Iran, Egypt, Ethiopia, and the UAE in 2024 signaled growing dissatisfaction with U.S. dominance in the global order. However, Zakaria dismissed the bloc's potential for significant hard power, comparing it to the ineffective non-aligned movement of the 1970s.
Ukraine faced significant challenges in 2024, including Russia's overwhelming size and economic advantage. While Ukraine's morale was boosted by offensives like the Kursk operation, Zakaria noted that the country struggled with delayed arms deliveries from the U.S. and Europe, which hindered its ability to counter Russian aggression effectively.
Fareed Zakaria observed that the global balance of power was shifting, with challenges to the U.S.-led order from Russia, China, and Iran. While the U.S. achieved strategic gains in the Middle East, the ongoing conflict in Ukraine and China's economic influence in Asia and Latin America posed significant threats to the rules-based international system.
This year closed out with ongoing conflicts in Gaza, Ukraine, and Sudan, and numerous incumbents forced out after a record year of elections around the world. Fareed Zakaria, author of Age of Revolutions: Progress and Backlash from 1600 to the Present, joins FP Live to reflect on the year and share his insights on what these trends could mean for our liberal global world order. Zakaria is also the host of CNN’s* Fareed Zakaria GPS*.
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