The West’s core principles are under attack as never before. Even at home, the liberal consensus is fraying. The West’s ability to defend itself against external challenges is weakened when voters and policymakers lose confidence in the system. What weight does a democratic society give to national, linguistic, ethnic and cultural identities in the face of unprecedented migration flows? Can the liberal economic model still benefit the many as well as the few? Does multilateral rules-based co-operation trump democracy and sovereignty?