In modern companies and democracies, power is increasingly diffused and traditional hierarchies are being undermined, making soft power ever more important.

在现代企业和民主国家，权力正日益分散，传统的等级制度正被削弱，这使得软实力变得更加重要。

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But there is little debate about how structures from the past could be incorporated into modern democracies.

ECONOMIST: Africa’s democratic joys and tribulations | The

The question of whether modern democracies can successfully resist populist tyranny is raised and then abandoned within two paragraphs.

ECONOMIST: An Australian scientist explores where we are now

What the current crisis is testing is how far modern democracies are capable of submitting to the discipline needed to maintain faith in their currencies.

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