by I watched with fascination:[embedded content]Just listen to Nigel Farage’s speech: he attacks the big banks, multinational corporations and “modern global corporatism”; he attacks the elites. In some respects, you can easily see a left-wing politician saying the same things.What to make of this? This is clearly right-wing populism at work. But, in reality, there is a strange schizophrenia within this movement: namely, they are weak on economics, and divided into the (1) free market populists and (2) right-wing populists who are verging to the left on economics. I mean Farage may be a nationalist, but he is a Thatcherite and quasi-libertarian on economics. Trump is actually well to the left of Farage on economics. I predict this is going to be a big problem for the populist right. In the end, they need to go left-wing on economics or their movement will fail badly, but I suspect it will be hard for many of them to break with free market theology.
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Lord Keynes considers the following as important: Nigel Farage speaks at a Trump Rally
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Just listen to Nigel Farage’s speech: he attacks the big banks, multinational corporations and “modern global corporatism”; he attacks the elites. In some respects, you can easily see a left-wing politician saying the same things.
What to make of this? This is clearly right-wing populism at work.
But, in reality, there is a strange schizophrenia within this movement: namely, they are weak on economics, and divided into the (1) free market populists and (2) right-wing populists who are verging to the left on economics.
I mean Farage may be a nationalist, but he is a Thatcherite and quasi-libertarian on economics. Trump is actually well to the left of Farage on economics.
I predict this is going to be a big problem for the populist right. In the end, they need to go left-wing on economics or their movement will fail badly, but I suspect it will be hard for many of them to break with free market theology.