Populism Is Rooted in Politics, not Economics

microphone crowd SANTIAGO – Nearly 330 million Americans are governed by using Donald Trump. Brazil, with 210 million people, has a newly-elected populist government. Nearly 170 million Europeans live underneath governments with at least one populist in the cabinet. Add the Philippines, with greater than a hundred million people, and Turkey, with nearly 80 million. All told, at least one billion people are now being dominated with the aid of populists of one sort or another. The new populism is regularly blamed on an era or greater of stagnant median wages. In nations like the United States and the United Kingdom, the distribution of earnings has worsened, and the pinnacle 1% are reaping the lion’s share of positive aspects from economic growth. The 2008 global financial disaster not only brought on a good deal of pain; it additionally bolstered the conviction that Wall Street is Main Street’s enemy. No wonder politics has come to be confrontational. If this story is right, the coverag...