Following the global financial crisis of 2008, liberal ideology was deeply wounded. The Keynesian ideology, arguing that governments should intervene where necessary (for the public interest) and that institutions should work more effectively, began to gain more popularity. The pandemic of 2020 (and the weaker position of capital) also strengthened this transformation. In emerging economies such as Türkiye and developed countries such as Japan, on the other hand, development policies, public stimulatory interventions and more independent policies came to prominence.
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Everyone seems to agree that Türkiye will make a “critically important choice at a historic crossroads” on May 14. That makes us expect an election campaign where each candidate and their parties will speak their truths. Do not be fooled by the ongoing calmness, as electoral alliances have been trying to expand and negotiate candidate lists in the month of Ramadan.
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