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to social instability.

Updated by Fukuyama

Huntington's former student, Francis Fukuyama, has developed the theory of political decay by analysing the sclerosis of democratic institutions in the United States and elsewhere. He argues that political institutions have been too slow to keep up with the country's changing circumstances due to their institutional inertia behind a status quo. For example, in the United States, the emerging financial oligarchy is entrenching income

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