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Populism Versus Prosperity

Emmott, Bill, (2017), “Populism Versus Prosperity”, Project Syndicate, 9 March

Marine Le Pen, the leader of France’s far-right National Front, claims that the twenty-first century’s defining battle will be between patriotism and globalism. US President Donald Trump appears to believe that it will be between “the very fake news media” and himself, backed by “the people” he claims to represent. They are both wrong.

The battle that will actually define this century will pit long-term thinking against short-term thinking. The politicians and governments that plan for the long term will defeat those that fail – or simply refuse – to look beyond the current election cycle.

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