The Future of the Dollar
U.S. Financial Power Depends on Washington, Not Beijing
Turkey was undeniably transformed by last July’s failed coup. President Recep Tayyip Erdogan, having barely survived an attempt on this life, has become a Turkish Muslim messiah in the eyes of his supporters: he is the unchallenged leader of the nation, charged with reinvigorating the Muslim umma, the global Muslim community. Opposition has become blasphemous. Those who refuse to support him are anti-Turkish and anti-Muslim and therefore enemies of the state. This is terrible news for Turkey’s democracy, which requires a healthy opposition to survive.
Erdogan, a right-wing leader, first came to power as prime minister in 2003 through his Justice and Development Party (AKP). He became president in 2014. In that time, especially during the last decade, he has delivered economic growth, which has helped him increase the AKP’s vote share. More insidiously, he also demonized electorates unlikely to vote for him, including seculars, liberals, social democrats, leftists,