Föhrenbergkreis Finanzwirtschaft

Unkonventionelle Lösungen für eine zukunftsfähige Gesellschaft

Posts Tagged ‘Populism’

In Defense of Economic Populism

Posted by hkarner - 10. Januar 2018

Dani Rodrik is Professor of International Political Economy at Harvard University’s John F. Kennedy School of Government. He is the author of The Globalization Paradox: Democracy and the Future of the World Economy, Economics Rules: The Rights and Wrongs of the Dismal Science, and, most recently, Straight Talk on Trade: Ideas for a Sane World Economy.

Populists’ aversion to institutional restraints extends to the economy, where they oppose obstacles placed in their way by autonomous regulatory agencies, independent central banks, and global trade rules. But while populism in the political domain is almost always harmful, economic populism can sometimes be justified.

CAMBRIDGE – Populists abhor restraints on the political executive. Since they claim to represent “the people” writ large, they regard limits on their exercise of power as necessarily undermining the popular will. Such constraints can only serve the “enemies of the people” – minorities and foreigners (for right-wing populists) or financial elites (in the case of left-wing populists).

This is a dangerous approach to politics, because it allows a majority to ride roughshod over the rights of minorities. Without separation of powers, an independent judiciary, or free media – which all populist autocrats, from Vladimir Putin and Recep Tayyip Erdoğan to Viktor Orbán and Donald Trump detest – democracy degenerates into the tyranny of whoever happens to be in power. Den Rest des Beitrags lesen »

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Giddy Markets and Grim Politics

Posted by hkarner - 9. Januar 2018

Economists have endless debates about whether culture or institutions lie at the root of economic performance. But there is every reason to be concerned that the recent wave of populism is a threat to both.

CAMBRIDGE – Economic growth worldwide picked up in 2017, and the best guess is that the global economy will perform strongly in 2018 as well. At the same time, a rising tide of populism and authoritarianism poses a risk to the stable democratic institutions that underlie long-term growth. And yet headlines seeming to portend political instability and chaos have not prevented stock markets from soaring. What gives?

First, the good news. Surely the largest single factor in the synchronized global upswing is that the world economy is finally leaving behind the long shadow of the 2008 financial crisis. Part of today’s good fortune is payback for years of weak demand. And the rebound is not over, with business investment finally picking up after a decade of slack, thereby laying a foundation for faster growth and higher productivity gains in the future. Den Rest des Beitrags lesen »

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Strong Economic Leadership Can Stem Europe’s Populist Tide

Posted by hkarner - 9. Januar 2018

Date: 08-01-2018
Source: The Wall Street Journal By Simon Nixon
The EU rode out the populist shocks of 2017. What about 2018?

In Italy, Luigi Di Maio is the premier nominee for the antiestablishment 5 Star Movement.

The European Union survived the great populist rebellion of 2017, but few believe the threat from antiestablishment euroskeptic parties has gone away.

Populist parties didn’t win any elections last year, but they made significant gains: The far-right Freedom Party is now the largest opposition party in the Netherlands; the far-right Alternative for Germany party likewise will be Germany’s largest opposition party if Chancellor Angela Merkel succeeds in forming another grand coalition from her Christian Democrats and the Social Democrats; in Austria, the far-right Freedom Party is the junior coalition partner in the new government. Meanwhile the Polish and Hungarian governments continue to pursue populist domestic agendas Brussels believes threaten the rule of law.

True, the prospects for a major populist breakthrough in 2018 look slim. The major elections this year are in Italy, Hungary and Sweden. In Hungary, no change is expected. Prime Minister Viktor Orban’s Fidesz party has a substantial lead over the far-right Nationalist Jobbik party. In Sweden, support for the nationalist Sweden Democrats party has slumped to 14.5% from a peak of over 20% in 2015 at the height of the refugee crisis, according to a major poll published in December. The main focus is therefore on Italy, where the antiestablishment 5 Star Movement leads the polls and the euroskeptic Lega is also gaining support. But under the current electoral law, most analysts expect an inconclusive outcome that will require the formation of a broad coalition. Den Rest des Beitrags lesen »

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How the EU Survived the Populist Wave in 2017

Posted by hkarner - 19. Dezember 2017

Date: 18-12-2017
Source: The Wall Street Journal By Simon Nixon

Rather than getting pulled apart, the bloc is pursuing deeper cooperation as the economy thrives

This was supposed to be the year that the European Union imploded—the year when the populist revolts that engulfed the U.S. and the U.K. in 2016 would spread to the continent, toppling mainstream governments and withdrawing popular consent for European integration.

The tensions created by the eurozone debt crisis and the migration crisis would be finally laid bare in elections in the Netherlands, France, Germany and Austria, many pundits warned. The centrifugal forces pulling Europe apart would finally overwhelm the centripetal forces binding it together.

Yet the EU ends the year in better shape and more united than it has been for years. The populist revolt never materialized.

Instead, Emmanuel Macron’s victory in the French presidential election has injected new energy into the cause of European integration. Even the new Austrian government, which will include the far right Freedom Party following a deal reached last week, is committed to a pro-European agenda. Den Rest des Beitrags lesen »

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Populist Plutocracy and the Future of America

Posted by hkarner - 12. Dezember 2017

Nouriel Roubini, a professor at NYU’s Stern School of Business and CEO of Roubini Macro Associates, was Senior Economist for International Affairs in the White House’s Council of Economic Advisers during the Clinton Administration. He has worked for the International Monetary Fund, the US Federal Reserve, and the World Bank.

In the first year of his presidency, Donald Trump has consistently sold out the blue-collar, socially conservative whites who brought him to power, while pursuing policies to enrich his fellow plutocrats. Sooner or later, Trump’s core supporters will wake up to this fact, so it is worth asking how far he might go to keep them on his side.

NEW YORK – Donald Trump won the US presidency with the backing of working-class and socially conservative white voters on a populist platform of economic nationalism. Trump rejected the Republican Party’s traditional pro-business, pro-trade agenda, and, like Bernie Sanders on the left, appealed to Americans who have been harmed by disruptive technologies and “globalist” policies promoting free trade and migration. Den Rest des Beitrags lesen »

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The New Language of European Populism

Posted by hkarner - 8. Dezember 2017

Date: 07-12-2017
Source: Foreign Affairs By Rogers Brubaker

Why „Civilization“ Is Replacing the Nation

Anti-immigrant populist parties have been a familiar feature of European politics since at least the 1980s, but they have gained new prominence in recent years. In May, the National Front leader Marine Le Pen was a serious contender in France’s presidential election; in the run-up to the Dutch parliamentary elections in March, Geert Wilders’ Party for Freedom was long in the lead; and last year, Norbert Hofer of the far-right Freedom Party came very close to winning Austria’s presidency. Anti-immigrant populists have also achieved breakthroughs in countries where they had previously failed to gain traction, notably Germany and Sweden, where the Alternative for Germany and the Sweden Democrats, respectively, have made big electoral gains.

Observers ordinarily characterize these parties as nativist, nationalist, and far right. But although these parties do champion nativist and nationalist themes, and although their rhetoric is indeed sometimes extreme, it would be a mistake to see them as simply the heirs of Europe’s long tradition of far-right nationalism. Unlike the Nazi Party or the fascist parties of interwar Europe or the small neo-Nazi or neofascist parties of postwar Europe, these are not anti-system actors; they do not reject the democratic constitutional order. Nor are they even consistently right-wing. Unlike her conservative opponent François Fillon, for example, Le Pen presented her party as “neither right nor left” and promised to defend workers against “savage globalization.” Den Rest des Beitrags lesen »

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British politics is being profoundly reshaped by populism

Posted by hkarner - 18. November 2017

Date: 16-11-2017
Source: The Economist

Britain ought to have been immune to populism. Instead it is becoming an unlikely victim

BRITAIN should have been better placed than any other country to fight off the populist fever that is spreading around the world. The House of Commons is one of the oldest representative institutions on Earth. The country’s last violent revolution was in the middle of the 17th century. With politicians as different as Clement Attlee and Margaret Thatcher denouncing them as “a device for dictators and demagogues”, Britain avoided nationwide referendums until 1975 and has only used them three times. The British erect statues to statesmen and women in Parliament rather than to “the people”.

Yet British politics is currently being reshaped by populism. The essence of populism is the belief that society can be divided into two antagonistic classes—the people and the powerful. The people are presumed to have a single will. The powerful are presumed to be devious and corrupt: determined to feather their own nests and adept at using intermediary institutions (courts, media companies, political parties) to frustrate the people. Den Rest des Beitrags lesen »

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How to Combat Populist Demagogues

Posted by hkarner - 14. November 2017

We will never know whether greater honesty on the part of mainstream politicians and technocrats would have spared us the rise of nativist demagogues like Donald Trump in the US or Marine Le Pen in France. What is clear is that lack of candor in the past has come at a steep price.

CAMBRIDGE – At a recent conference I attended, I was seated next to a prominent American trade policy expert. We began to talk about the North American Free Trade Agreement (NAFTA), which President Donald Trump has blamed for American workers’ woes and is trying to renegotiate. “I never thought NAFTA was a big deal,” the economist said.

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Europe’s Hard-Core Problem

Posted by hkarner - 2. November 2017

With populism endemic in its periphery, the European Union is clearly in a period of deep uncertainty. If EU leaders are ever going to right the ship, they will need to identify the root cause of today’s instability, which is not so much about economics or immigration as it is about de facto Franco-German leadership.

PRINCETON – President Emmanuel Macron’s election in France and the likely continuation of Angela Merkel’s chancellorship in Germany are dramatically at odds with developments in the rest of Europe, which has become increasingly unstable and unpredictable. One wonders if the European Union’s hard Franco-German core is becoming too hard for the rest of the bloc. If so, those who dream of “ever closer” European integration may have to settle for a modestly enlarged Franco-German axis.

Europe today is being torn apart by centrifugal forces, including Catalonia’s secessionist movement and the more muted push for autonomy in the Italian regions of Lombardy and Veneto. Right-wing populism is in power in Hungary and Poland, and may now be resurgent in Austria, too. Left-wing populists govern in Greece, and centrist populism seems to be coming to the Czech Republic, where the mogul Andrej Babiš is on track to be the country’s next prime minister. Den Rest des Beitrags lesen »

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Industrie sucht Wege gegen „veritables Populismusproblem“

Posted by hkarner - 24. Oktober 2017

 23. Oktober 2017, 12:22, derstandard.at

Die Industriellenvereinigung will mit den Bürgern in Dialog treten und deren Denkart ändern

Wien – Die Industriellenvereinigung will mit der Zivilgesellschaft in Kommunikation treten. Dafür startet sie die Kampagne „Meine Arbeit. Unsere Industrie“. Einerseits stellt sie damit Forderungen an die künftige Regierung, andererseits sollen sich Menschen mit Wirtschaftsanliegen direkt an die IV wenden können.

„Es geht um alles, was in einer Gesellschaft wichtig ist – Chancengerechtigkeit, Arbeitsplätze, Eigenverantwortung, Leistung, Miteinander, Armutsvermeidung“, sagte IV-Präsident Georg Kapsch am Montag.

Kampfansage an Populismus Den Rest des Beitrags lesen »

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