Robert Fox
The Transaction of Autocrats
Monday 25.05.2026
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Summary
Robert Fox takes a deep look at the dominant figures occupying today’s headlines—autocrats like Trump, Xi, Putin, and Narendra Modi. Each has developed a distinct style that has become a mark of the age: Modi’s Hinduism, Xi’s loose interpretation of Marxist-Leninism and Maoism. Yet their success remains qualified and has not been fully endorsed by the verdict of contemporary history.
Examining their performative record and the success of their various transactions, Robert considers whether the transactional approach always wins through. In the aftermath of the May 14–16 summit between Xi and Trump, he asks why this approach has failed in some cases—notably with Russia and Ukraine, and with the US and Iran.
In exploring the transactions of autocrats and the enduring allure of democracy, Robert also asks whether democracy is now canceling itself out, as recent developments in the UK, France, Germany, and Italy may suggest. How, for example, has Pedro Sánchez sustained success in Spain? And what might democracy deliver in Israel’s forthcoming general election?