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A New Economic Paradigm To Fight Populism

Thomas Fricke, (2016), “A New Economic Paradigm To Fight Populism”, Social Europe, 21 June

If the polls tell the truth, 86 percent of the Austrian blue-collar workers voted for the right-wing populist Norbert Hofer in the Austrian presidential elections in May. In the presidential elections in France Marine Le Pen would have reached the final round already back in 2012, had it been up to the blue-collar workers. In the US, egomaniac Donald Trump is gaining high shares of votes among the less skilled. And also in Germany many of those inclined to favor the heralds of simplistic truths have one experience in common: They have become losers in the process of globalization or are at risk of becoming losers, be it as workers or members of the middle class which real incomes have often fallen over the last decades.

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