Looking only for economic roots of the recent wave of populism may lead
to a one-sided diagnosis. It is true that many countries suffer from
slow or no growth, financial turbulence, excessive polarisation of
income and wealth, a crisis of the welfare state, structural costs of
globalisation, technical innovations, and other economic difficulties.
However, these difficulties were also experienced in the past and did
not lead to such strong political polarisation, at least not in advanced
economies.
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