Liberals should mourn the passing world
Financial Times
February 14, 2026
AI-Generated Deep Dive Summary
Liberals should not apologize for what was arguably the most successful international order in history. The post-war economic system, built on free trade, multilateralism, and institutions like the World Trade Organization (WTO), has driven unprecedented global growth and lifted millions out of poverty. However, recent decades have seen a rise in protectionist policies and a decline in faith among liberals in this system. This shift is not only short-sighted but also risks undoing the progress that has been made.
The article argues that the liberal international order has been remarkable in its ability to promote economic prosperity and stability. It highlights how this order facilitated global trade, reduced barriers, and created a framework for cooperation among nations. While there have been challenges, such as inequality and the concentration of wealth in certain regions, the overall impact has been positive. liberals today should instead focus on defending and reforming this system rather than dismissing it.
The decline of faith in this order has led to increased nationalism and trade disputes, which are harmful to business. The article emphasizes that businesses rely on stability and predictability in international relations, and a fragmented world could lead to higher costs, uncertainty, and reduced opportunities for growth. It is therefore crucial for liberals to recognize the value of this system and work towards its preservation.
The article concludes by urging liberals to take pride in their achievements and to continue advocating for an open and cooperative global economy. While there are flaws in the current system, these should be addressed through reform rather than rejection. By doing so, they can ensure that future generations benefit from the progress made under this international order.
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Originally published on Financial Times on 2/14/2026