ASU: McCain Institute Sedona Forum Spotlights Preservation of Democracy
Celebrating democracy — and the need to preserve it — was the focus of the 2024 McCain Institute Sedona Forum held over the weekend.
This year’s forum, titled “Securing Our Insecure World,” examined the greatest challenges to democracy, human rights and global security, and featured speakers such as Secretary of State Antony Blinken, Secretary of the Treasury Janet Yellen, Arizona Gov. Katie Hobbs, Arizona State University President Michael Crow and Dasha Navalnaya, the daughter of murdered Soviet dissident Alexei Navalny, who received the McCain Institute’s Courage and Leadership Award.
The forum also included a conversation with U.S. Sen. Krysten Sinema, a discussion between Blinken and U.S. Sen. Mitt Romney about the Middle East, and U.S. Sen. Joe Manchin talking about democracy and the digital revolution.
The McCain Institute, which is part of ASU, is based in Washington, D.C., and focused on impacting the nation and world’s most critical issues and discussions.
All the speakers praised the late Arizona Sen. John McCain for his unwavering decision to put country first and political party second.
“A stellar example of integrity and courage was John McCain, who my father respected greatly,” Navalnaya said. “Senator McCain was a true statesman who understood the importance of character-driven leadership and bipartisanship. And he received a lot of blowback for his willingness to cross party lines.
“He acted in this way because he understood that democracy is not a self-perpetuating machine that magically reinforces itself. It needs constant (oversight) through frameworks of checks and balances where every individual, regardless of their government standing, is held accountable for their actions.”
Crow told the audience that ASU is working to secure prosperity around the world by launching and enhancing universities in places like Africa and El Salvador.
ASU, he added, has almost 10,000 undergraduate students whose families earn less than $20,000 annually.
“They don’t have any money to go to college, but we find a way for them to go to college,” Crow said.
Hobbs said collaboration between individuals and institutions like ASU are largely responsible for the state of Arizona being No. 1 in semiconductor investment. Earlier this month, a subsidiary of Taiwan Semiconductor Manufacturing Company Limited signed a nonbinding preliminary memorandum of terms to provide up to $6.6 billion in direct funding under the CHIPS and Science Act. The proposed funding would support an investment of more than $65 billion in three greenfield leading-edge labs in Phoenix that will manufacture the world’s most advanced semiconductors.
“As you can see, there is so much we can accomplish when we come together and center ourselves around the people we serve,” Hobbs said.
That idea of collaboration and compromise was a central tenet of Yellen’s address. In calling McCain a “hero,” Yellen said his most important legacy was the belief in the unifying power of American democracy, no matter the extremism that can define the current state of politics in America.
“It’s impossible to overestimate how important democracy is to America,” Yellen said. “It’s the founding idea of our country. It’s how we define ourselves amidst those who question democratic values. Democracy is not only the basis for our self-conception, it’s also the basis for our success. It is what allows us to work out our disagreements and to address legitimate concerns.”
In a conversation with Crow, Yellen admitted democracy can be a messy and slow process. But that process, she argued, is essential.
“I think that ability for people to weigh in, and for policymakers to be forced to explain carefully what they’re doing is fundamental to driving good policy decisions,” she said.
Democracy, Yellen said, is built on three pillars: accountability, economic freedom, and strong and independent institutions that uphold the rule of law. When those pillars remain upright, she said, economic prosperity follows. She cited a recent study analyzing 175 countries over a 50-year period that showed democratization increases gross domestic product per capita by around 20%. As an example, Yellen said the per capita income in South Korea is estimated to be 30 times greater than in North Korea, and life expectancy in South Korea is a decade longer.
For Yellen, however, democracy is not defined by numbers. It’s defined by progress and passion.
“John McCain once said that being American meant more to him than any other association,” Yellen said. “I too feel immensely fortunate to have been born and live here as my life has been made possible by the promise of American democracy.
“Being a woman in economics wasn’t always easy, but I stood on the shoulders of women who had fought for their democratic rights and paved the way for me and other women economists to reach the heights of our profession. And now I feel a special obligation to strengthen the institutions that I’ve benefited from my whole life.”