On November 4, the website of the Japan Times published an article entitled “replace democracy because the younger generation is losing confidence in this system”, written by British MP David Howell. The full text is excerpted as follows: < / P > < p > “millennials” is an intergenerational label, which mainly refers to the generation in the United States and Britain who were born around 1980, began to grow up in the millennium in 2000 and entered university. < / P > < p > of course, this is a vague question, so the answer is not clear. What this generation – now in their 30s – really wants to say is that the governance system they’re in doesn’t work – so they want to see something better to achieve higher quality and fairer governance. This kind of system can still be called “democracy”, but it is a new and more reliable form with closer ties with the people. Its benefits can be shared by more people, and political leaders are far less divorced from reality than they are today. With one of the world’s most important “democracy shows” unfolding in the United States, we are faced with a growing loss of confidence in the system – and thus a growing lack of respect for its results. < / P > < p > what happens if today’s forms of democracy do not bring the high-quality governance that people want, and if democracy – which has many forms – does not govern by consensus, as people think, but by endless bickering and serious division, coupled with obvious inefficiency, what will happen next? Where will millennials and their so-called generation Z, born after them, go? < / P > < p > the skepticism of this generation seems to extend to capitalism, or at least capitalism as it is now – especially when they feel that inequality is growing and wealth is clearly concentrated in fewer hands. Millennials are angry at their exclusive “monopoly of wealth” for older, seemingly cash rich elders. Young people believe that the result is not democratic at all and certainly not a correct form of capitalism. As a result, some people ask, can we find the answer now in a prosperous Asia rather than in a disoriented and fragmented West? After all, Asian economies are not only growing faster, but they seem to be better able to cope with the current epidemic. In fact, the reality is that the economic, social and even political integration of the continents in the future will neither conform to the “doctrine” of the past, nor to the platitudes of European political discourse in the 20th century. Technological innovation has broken through the old ideological ranks. What the disappointed young generation around the world now wants is a competent government, with sensitive governance through a framework that combines prudent regulation, market innovation, and reasonable freedom, fairness and justice. < / P > < p > wise leaders will avoid putting old ideological labels on any emerging model. Just as our ancestors invented the term “capitalism” less than a few centuries ago to describe the emerging industrial world, we need the same invention to describe the digital world that replaces the industrial world. This is a challenge for western thinkers and leaders.