venezuela line for food Federico Parra/Stringer

How Economic Populism Works

Anti-populists in the US, the UK, and elsewhere must grasp the reality that bad policies pay off, both economically and politically, long before they become toxic. If critics do not understand that and act accordingly, populists will have as long (and destructive) a run in the rich countries as they once had in Latin America.

SANTIAGO – Now that populists are coming to power in the West, a conflict over the intellectual ownership of their approach is brewing. Writers like John Judis claim that nineteenth-century Americans invented political populism, with its anti-elitist stance and inflammatory rhetoric. Argentines, who gave the world über-populist Juan Domingo Perón, or Brazilians, who brought us Getúlio Vargas, might beg to differ.

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