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Sophie Hardach — Here are 3 facts you need to know about inequality and populism

Summary:
Why are democracies around the world failing to curb rising inequality? What explains the ascent of populist parties and politicians? In a recent paper, French economist Thomas Piketty argues not only that inequality and populism are linked – but that both can be explained by dramatic shifts in the traditional two-party system that favour different elites.... The rise of the “Brahmin Left” The persistence of the “Merchant Right Where does this leave poor and less educated voters? ... World Economic ForumHere are 3 facts you need to know about inequality and populismSophie Hardach

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Why are democracies around the world failing to curb rising inequality? What explains the ascent of populist parties and politicians? In a recent paper, French economist Thomas Piketty argues not only that inequality and populism are linked – but that both can be explained by dramatic shifts in the traditional two-party system that favour different elites....
  1. The rise of the “Brahmin Left”
  2. The persistence of the “Merchant Right
  3. Where does this leave poor and less educated voters? ...
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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