Article 6ETKM Populist leaders are bad for our economic health, yet they’re still a hard habit to break | Torsten Bell

Populist leaders are bad for our economic health, yet they’re still a hard habit to break | Torsten Bell

by
Torsten Bell
from Economics | The Guardian on (#6ETKM)
They are annoyingly good at politics but terrible at economics - GDP and living standards plummet in countries led by them

Global politics might not feel quite as grim as it did a few years back, but there's still a lot of populism around: about a quarter of countries are led by populists. Silvio Berlusconi may be dead, but Giorgia Meloni is running the show in Italy. Donald Trump wants back into the White House (it's cosier than jail), and are we really confident that arch-centrist Emmanuel Macron in France won't be followed by Marine Le Pen? Even the pope is worried about a libertarian former sex-coach taking power in Argentina.

I raise this because it should encourage anti-populists to focus on addressing the bad economic outcomes that help drive populism. If you need further encouragement, it should come from recognising the scale of bad economic outcomes that follow populists actually coming to power.

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