February 9, 2018

If you believe the economy can explain the rise of populism, political scientist Cristóbal Rovira Kaltwasser says it’s a bit more complicated than that.

“If you think about populist radical right parties in Western Europe, the party that gets the most votes is in Switzerland. And the economy in Switzerland is running perfectly!”

Populism has become a bit of a buzz word of late, and it was the subject of a seminar at the 2018 American Economic Association’s Annual Meeting. The IMF’s Antonio Spilimbergo organized the panel, which included Kaltwasser and economic stalwarts Dani Rodrik and Raghuram Rajan.

In this podcast, Kaltwasser delves into populism, where populist politicians pin the people against the elite and pressure mainstream political parties to adapt.

Kaltwasser says economists often argue that the rise of populism is related to the so-called modernization losers—those who have been losing due to the globalization process, and conclude that those people are going to vote for populist right parties. But he points out that being a modernization loser is not an objective category. Den Rest des Beitrags lesen »