In this podcast, listeners are introduced to Peter Drucker’s early effort to explain why industrial society broke down and why so many people were drawn to totalitarian movements. It highlights his argument that the appeal of Nazism and Fascism stemmed not just from coercion but from the meaning and status they offered amid widespread social despair. The episode then shows how Drucker used this diagnosis to develop a broader theory of what makes a society function, emphasizing legitimacy, freedom, and the vital role of institutions.

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