The real existential crisis - BusinessWorld Online

The real existential crisis - BusinessWorld Online

In November 2024, we cited in our column Francis Fukuyama’s enduring insight: democracy doesn’t often fall with a dramatic crash, but erodes slowly through complacency, compromised institutions, and the quiet retreat of accountability. That erosion of checks, of balances, and of public faith is no longer theoretical. In the Philippines today, it is playing out on two critical fronts. The first is domestic: a subtle normalization of impunity in g…