www.prosperity.com Commentary The State of Prosperity in the West February 2023 About The Legatum Institute The Legatum Institute is a London-based think-tank with a bold vision to build a global movement of people committed to creating the pathways from poverty to prosperity and the transformation of society. [...] The fall of the Berlin Wall and the declaration of the end of history was the crowning moment in the ascent of the liberal democratic model. [...] Starting with a renewal of virtue and the social fabric, and then building out to reimagine the stories of our nations, our economic systems, and our place in the world, the present moment calls for people to unite around the best of virtues and values that lay the basis for the prosperity of the West, and to then chart a vision going forwards. [...] What do we mean by virtue and morality? In the words of the former Chief Rabbi in the United King- dom, Jonathan Sacks, morality in the West has historically been the glue which “teaches us to value the ‘We’ as well as the ‘I’.” It is a shared code of conduct, a means of imagining our existence, which “restores the dignity of agency and responsibility. [...] A programme for prosperity in the West must continue to underline the central importance of civil and political rights, free markets and the rule of law, but also call for the rebalancing of economic opportunities and reinvigoration of the social fabric.
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