Populism: Why in rich countries and in good times

a column by Lubos Pastor and Pietro Veronesi for VOX: CEPR’s Policy Portal

Economic anxiety and insecurity are often cited as drivers of populism, so why has populism emerged over the past few years in rich countries and in good times?

This column, part of the Vox debate on the topic, argues that income inequality plays a role. When the economy is strong, everyone fares well but the rich fare especially well, fuelling inequality and resentment.

Populism in the form of anti-globalisation may reduce everyone’s consumption, but it affects the rich disproportionately and thus appeals to many voters in richer countries. In poorer countries, however, voters are less willing to give up consumption for equality.

Continue reading I found this really interesting. H.

Labels:
populism, globalisation, inequality

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