The phenomenon of right-wing populism is wide-ranging, appearing in far-right parties in Western Europe, in Orbán's Hungary, in Putin's Russia, Erdogan's Turkey, Bolsonaro's Brazil, and Modi's India. While country-level traits can help us understand individual cases, when the same phenomenon repeats itself, a higher level of analysis is needed.
Capital became global, seeking lower taxes, less regulation, and cheaper wages. Financial markets followed the whims of fluctuating interest rates and currencies across the world.
The economy became global, but politics did not. The vessel of national politics could no longer contain the forces that were central to people's daily lives, such as well-paying jobs and a decent standard of living.
Trust in public institutions has dropped precipitously worldwide. Yet the anguish was not shared equally. Capital flowed into global cities, drawing in educated professionals, with other places 'left behind' to deal with 'deaths of despair.'
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