Outside the US, the only two G7 countries that could claim to have a stable government in place are the UK and Italy. Britain’s prime minister, Sir Keir Starmer, won a whopping majority in this summer’s elections. But his poll ratings have since plummeted fast. In fact, Starmer is now more unpopular after five months in office than any UK prime minister in four decades. The majority of G7 governments are now so burdened with domestic political problems that they are incapable of steering their own countries  let alone the free world. Populism and fiscal problems are feeding on each other and make it harder and harder to govern. France’s government was brought down after it tried to cut spending and raise taxes to combat a budget deficit of 6 per cent of GDP. Is the world democracies at stake ?

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