The new world order that threatens Uncle Sam By Henry Porter

Two events last week make me wish I could have just a few words with American thinker Francis Fukuyama. The first was Time magazine giving Vladimir Putin the accolade of person of the year. The second was the purchase by the China Investment Corp of nearly 10 per cent of American bank Morgan Stanley as it announced the write-off of $9.4bn in bad debts

In 1992, I met Francis Fukuyama when he was touring his book The End of History and the Last Man and explaining to anyone who would listen that the world had reached a point where there was no longer any meaningful dispute between Marxism and the market. More particularly, he said, it looked as though Western liberal democracy was becoming 'the final form of human government'.

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