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The condition of [liberal democracy] when its formal institutions—elections, parliaments, courts, free press—persist but have been hollowed out by economic inequality, corporate influence, and cultural polarization. Elections occur, but outcomes are predetermined by money and media manipulation. Rights exist on paper, but enforcement is selective. Public discourse is free but [overwhelmed] by disinformation and outrage. Late‑stage [liberal democracy] is democracy as theater: the rituals continue, but the substance—genuine popular control over collective decisions—has evaporated.
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