In his latest Substack essay, renowned economist Paul Krugman turns his attention to Malta, using the island nation as a lens to explore the dynamics and dangers of oligarchy in contemporary politics. As concerns about concentrated wealth and political influence grow worldwide, Krugman’s analysis of Malta’s unique political landscape offers revealing insights into how oligarchic forces can shape governance, undermine democracy, and impact everyday citizens. This article delves into Krugman’s observations, shedding light on what Malta’s experience can teach us about the vulnerabilities of modern democracies to elite capture.
Malta’s Political Landscape Exposes the Inner Workings of Modern Oligarchy
Malta presents a striking case study in the subtle yet persistent influence of oligarchic forces within modern democratic frameworks. Rather than overt control by a single elite, power operates through a complex network of political patronage, business monopolies, and media…
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Author : Charlotte Adams
Publish date : 2026-08-29 01:09:00
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