New Books in Economic and Business History

Didi Kuo, "The Great Retreat: How Political Parties Should Behave and Why They Don't" (Oxford UP, 2025)


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As the crisis of democratic capitalism sweeps the globe, The Great Retreat: How Political Parties Should Behave and Why They Don't (Oxford University Press, 2025) makes the controversial argument that what democracies require most are stronger political parties that serve as intermediaries between citizens and governments.

Once a centralizing force of the democratic process, political parties have eroded over the past fifty years. Parties now rank among the most unpopular institutions in society--less trusted than business, the police, and the media. Identification with parties has plummeted, and even those who are loyal to a party report feeling that parties care more about special interests than about regular citizens. What does a "good" political party look like? Why do we urgently need them? And how do we get them?

The Great Retreat explores the development of political parties as democracy expanded across the West in the nineteenth century. It focuses in particular on mass parties, and the ways they served as intermediaries that fostered ties between citizens and governments. While parties have become professionalized and nationalized, they have lost the robust organizational density that made them effective representatives. After the Cold War, a neoliberal economic consensus, changes to campaign finance, and shifting party priorities weakened the party systems of Western democracies. As Didi Kuo argues, this erosion of political parties has contributed to the recent crisis of democratic capitalism, as weak parties have ceded governance to the private sector.

For democracy to adapt to a new era of global capitalism, Kuo makes the case that we need strong intermediaries like mass parties--socially embedded institutions with deep connections to communities and citizens. Parties are essential to long-term democratic stability and economic growth, while the breakdown of party systems, on the other hand, has historically led to democratic collapse. As trust in political parties has plummeted, The Great Retreat provides a powerful defense of political parties--for without parties, democratic representation is impossible.

Didi Kuo is Center Fellow at the Freeman Spogli Institute for International Studies at Stanford University.

Caleb Zakarin is editor of the New Books Network.

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