When you first encounter the word “populism,” you might think it’s a close cousin of democracy, with all the positive connotations that go along with it. And for some, it may well seem a purer form of a process by which politicians harness the will of the majority.
But that’s only part of the picture. Populism—ostensibly a belief in the rights, wisdom, or virtues of the common people—often requires a bogeyman, be it an existing government, the supposed cultural elite, the media, or a particular ethnic, racial, or religious group.
As a form of horizontal political power, populism has been instrumental to legal, agrarian, and social reforms through the years. But it’s also played a starring role in the rise of demagogues and therefore some of the ugliest episodes in human history.
Republican Donald Trump’s electoral-college victory over Democratic nominee Hillary Clinton last week was an unprecedented triumph of populism in the U.S.—one that leveraged feelings of victimization by a shrinking white majority who blame lost opportunity on U.S. President Barack Obama, the political establishment, wealthier urbanites, and immigration.
Read the Full Article: Source – Bloomberg
Time For Truth: (Bloomberg) – Populism Takes Over the World