I agree with your assessment. I think I would remove #2 and swap #1 & #3 - i.e. The Western working class has realized that globalization hasn't raised their li

I agree with your assessment. I think I would remove #2 and swap #1 & #3 - i.e. The Western working class has realized that globalization hasn't raised their living standards resulting in (or as a result of) lower overall growth and this causes liberal democracy to cease to be the status quo.