From Rust Belt America through Brexit-riven Britain to Greece, Poland and Hungary, the rise of a movement that is anti-establishment and anti-status quo is shattering previously unchallenged assumptions about democracy, capitalism and globalisation. Political parties as diverse as Syriza, Podemos, the Five Star Movement, Golden Dawn, Alternative für Deutschland, the Sweden Democrats, the Danish People’s Party, UKIP, and elements of Jeremy Corbyn’s Labour Party have all been variously described as populist, or at the very least prone to adopting populist tropes in their rhetoric. In this new blog post for the Morality & Markets project, Christopher Howarth asks what populism is and what it means for markets and capitalism.
The Project for Modern Democracy is embarking on a new research project, Morality & Markets. Our aim is to examine the causes of the current crisis of confidence in the ability of markets to deliver prosperity for all. We will seek to identify practical steps to restore faith that markets can operate in the interests of all society.
In this introductory blog post, Simon Kaye and Christopher Howarth identify some of the questions the project will seek to answer.