Western liberalism creates wealthier countries
Liberalism may be under threat, but most wealthy countries are still liberal market democracies.
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The Argument
Liberalism had been seen as the "norm" in many countries. Michael Cox, a professor of international relations at LSE, tells the BBC that "overall, we still live in a liberal world economy and most countries in the world are liberal democracies, not authoritarian ones" - although he believes liberalism does need to work to address issues like wage stagnation and a loss of a sense of community.
Counter arguments
A lot of people believe liberalism could be in decline - as evidenced by support for Brexit in the UK, or support for populist leaders including Donald Trump in the US, or Matteo Salvini in Italy. The financial downturn in 2008 was a major turning point, and the fact that markets were allowed to determine everything also brought about larger questions of identity and culture within the country, with people feeling that it was no longer their own.