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Mostrando postagens com marcador populism. Mostrar todas as postagens
Mostrando postagens com marcador populism. Mostrar todas as postagens

terça-feira, 19 de setembro de 2023

O populismo faz mal à economia e faz mal às nações - Paper de economistas, capítulo de Vinícius Guilherme Rodrigues Vieira: Markets, Populism

 O populismo é uma praga, e pode atrasar os países. Sabemos muito bem disso, mas ainda não sabemos como escapar desse mal.

Aqui, duas referências para os que se interessam pelo estudo desse fenômeno maligno: 


Populist Leaders and the Economy

Manuel Funke, Moritz Schularick, Christoph Trebesch

CEPR, October 23, 2020

Abstract

Populism at the country level is at an all-time high, with more than 25% of nations currently governed by populists. How do economies perform under populist leaders? We build a new cross-country database identifying 50 populist presidents and prime ministers 1900-2018. We find that the economic cost of populism is high. After 15 years, GDP per capita is more than 10% lower com- pared to a plausible non-populist counterfactual. Rising economic nationalism and protectionism, unsustainable macroeconomic policies, and institutional decay under populist rule do lasting damage to the economy.

Citation: Funke, M, M Schularick and C Trebesch (eds) (2022), “DP15405 Populist Leaders and the Economy”, CEPR Press Discussion Paper No. 15405.

Disponível no seguinte link: https://cepr.org/publications/dp15405 

Novo resumo no site, ligeiramente diferente:

Populism at the country level is at an all-time high, with more than 25% of nations currently governed by populists. How do economies perform under populist leaders? We build a new long-run cross-country database to study the macroeconomic history of populism. We identify 51 populist presidents and prime ministers from 1900 to 2020 and show that the economic cost of populism is high. After 15 years, GDP per capita is 10% lower compared to a plausible non-populist counterfactual. Economic disintegration, decreasing macroeconomic stability, and the erosion of institutions typically go hand in hand with populist rule.

Mas é preciso pagar 6 libras para o acesso.

========

Livro de: 

Vinícius Guilherme Rodrigues Vieira

SHAPING NATIONS AND MARKETS: IDENTITY CAPITAL, TRADE, AND THE POPULIST RAGE

Routledge Studies in Nationalism and Ethnicity


Contents: 

  1. 1  Introduction: Beyond Ideas, Interests, and Institutions 1

  2. 2  Identity Capital and Fields: Framing Markets and Political Power 19

  3. 3  Applying Identity Capital to Trade Negotiations 56

  4. 4  Globalization Meets National Identity during the Doha Round 87

  5. 5  Race and Structural Power Asymmetries in Liberalizing Brazil 124

  6. 6  Religion as an Instrument for Trade Policy in India 158

  7. 7  Whiteness and the Rise of Protectionism in the United States 193

  8. 8  Identity Capital and the Rise of Far-Right Populism after 2008 225

  9. 9  Generalizing Identity Capital for Explaining Trade and Populism 262

  10. 10  Conclusion: Fields of Power, Identity, and Intermestic Phenomena 293


Uma referência bibliográfica deste última obra me chamou a atenção, por razões provavelmente diversas da temática da obra: 

Goldstein, Judith, and Robert O. Keohane. 1993. Ideas and Foreign Policy: An Analytical Framework. In Ideas and Foreign Policy: Beliefs, Institutions, and Political Change, edited by Judith Goldstein, and Robert O. Keohane, 3–30. Ithaca: Cornell University Press. https://doi.org/10.7591/9781501724992-003

Infelizmente, só posso ter acesso a esse capítulo por uma instituição credenciada ou pagando 42 dólares....



segunda-feira, 3 de junho de 2019

Libertarians Forged an Alliance With Brazilian President Jair Bolsonaro. Was It a Deal With the Devil? - Jim Epstein (Reason)

Libertarians Forged an Alliance With Brazilian President Jair Bolsonaro. Was It a Deal With the Devil?

Free market reformers and authoritarian nationalists battle it out to reshape Brazil. 


ReASON, FREE MARKETS, FREE MINDS


On the morning of March 14, 2016, in a tiny office in Rio de Janeiro, a libertarian businessman named Winston Ling met with Jair Bolsonaro, a right-wing congressman running a longshot campaign to be president of Brazil. Some of Ling's closest associates had pleaded with him not to sit down with Bolsonaro, who was infamous for public comments praising torture and dictatorship and denigrating women and minorities. Just associating with him, they feared, would tarnish Brazil's libertarian movement, which was drawing new followers at an astounding pace and winning mainstream recognition.
Three years later, Bolsonaro is president. Ludwig von Mises scholars, free market think tankers, and even anarcho-capitalists now occupy top-level positions in his administration, where they hope to slash the government bureaucracy of the nation ranked as the absolute worst by the World Economic Forum in the category of "burden of government regulation"—a country that goes beyond regulating the number of hours that workers spend on the job to micromanaging the size and make of the punch clocks used to record their arrivals and departures. "I'm losing all my guys to government," says Hélio Beltrão, founder and president of the Brazilian Mises Institute, with a grin.
But other prominent libertarians are outraged over their former comrades' willingness to ally themselves with a politician The Intercept has called "the most extreme and repellent face of a resurgent, evangelical-driven right-wing attempt to drag the country backwards by decades."
Bolsonaro is not a libertarian; in many ways he is sharply un-libertarian. He has been working to make it easier for police to kill civilians with impunity. He has repeatedly praised the military dictatorship that ruled Brazil from 1964 to 1985. He has flatly declared himself "in favor of torture." And in 2002 he said, "If I see two men kissing in the street, I will hit them."
"It shows that their commitment to individual liberty is actually not that strong," says Joel Pinheiro da Fonseca, a libertarian columnist at Folha de S.Paulo, Brazil's largest newspaper. They want "a more authoritarian style of government that can bring about their economic policies more easily."
Ling argues that the country didn't have time to entertain fantasies of a truly principled free market politician rising to power. In 2016, when he met with Bolsonaro, the leftist Workers Party had controlled the presidency for 13 years. Brazil's unemployment rate was approaching 12 percent, and the economy had contracted by more than 3 percent the prior year. "For me this was life or death," he says. "I truly believed if someone else were elected president, Brazil would go down."
The beginning of Bolsonaro's presidency has been chaotic. The free marketeers have made some significant progress in cutting red tape but must also contend with powerful special interests that want to maintain the status quo. Concern is growing that their participation in Bolsonaro's administration will damage the libertarian movement and help the Workers Party win back credibility. If Bolsonaro fails to meaningfully liberalize the economy, says Pedro Ferreira, a co-founder of the libertarian Free Brazil Movement, "we're going to be in a lot of trouble."

A Troublesome Alliance

Jair Bolsonaro is best understood as "Trump without the success in business," says Paulo Roberto de Almeida, a Brazilian political scientist, career diplomat, and prominent pro-market intellectual. "He's a populist, nationalist, xenophobe, [and] misogynist."
A former Army captain with an undistinguished military career, Bolsonaro served 27 years in the National Congress before he was elected president, passing just two minor bills during his entire tenure.
He was best known for his incendiary public comments. In a 2011 interview, he told Playboy that he would be "incapable of loving a homosexual son," preferring that a gay child "die in an accident." In 2016, he said the "biggest mistake" of the dictatorship that used to rule Brazil "was to torture and not to kill." In March, he asked the nation's armed forces to commemorate the 55th anniversary of that coup.
In his first months in office, Bolsonaro's most substantive policy proposal has been a draconian anti-crime package that includes more lenient treatment of police officers who kill while on duty.
Police shootings have been shockingly rampant in the country for a while. In 2017, law enforcement killed 5,144 civilians, or 14 people per day. In March 2018, two former Rio de Janeiro police officers were arrested on charges of murdering Marielle Franco, an openly gay city council member, by shooting her in the head with a submachine gun. According to Human Rights Watch, extrajudicial executions by cops are common. In 2003, Bolsonaro said that "as long as the state does not have the courage to adopt the death penalty, those death squads, in my opinion, are very welcome."
Yet Bolsonaro also has an uncanny ability to connect with voters, which is what drew Winston Ling's attention. "Every time he came to a city, there was a huge number of people at the airport," the businessman recalls.
The 63-year-old Ling is a founding figure in Brazil's libertarian movement—or movimento liberal, since the Portuguese word liberal has retained its classical meaning—who helped establish two prominent think tanks in the 1980s. He and his siblings co-own a handful of companies started by their Chinese immigrant father, who made a fortune in the soybean and petrochemical industries.
At their initial meeting in 2016, Ling gave Bolsonaro a half-hour tutorial on the Austrian school of free market economics and left him with two books, Frédéric Bastiat's The Law and Mises' Economic Policy: Thoughts for Today and Tomorrow. (He chose those two, he recalls, because they're "thin and easy to read"—and "politicians don't read.") He also offered to help Bolsonaro assemble a "council" of free market economists to join his campaign.
Bolsonaro accepted the offer, so Ling flew home to Shanghai and started working through his Rolodex. "Nobody wanted to meet him," Ling recalls, because of Bolsonaro's reputation as a populist firebrand and a homophobe. Then Ling got in touch with Paulo Guedes, who was "immediately very enthusiastic."
A respected economist who earned a Ph.D. in 1978 from the University of Chicago, Guedes has spent most of his career in finance. On November 13, 2017, he and Bolsonaro had a five-hour meeting at a Sheraton Hotel in Rio. Guedes set the ground rules: He would consider working with Bolsonaro only if given "carte blanche" over economic affairs. After winning the presidency in October 2018, Bolsonaro made Guedes "super minister," putting him in charge of a new Ministry of Economy that consolidated the government's departments of finance, planning, industry, and commerce. Guedes then appointed a group of young libertarians to high-level roles within the new department.
Guedes' brief experience in politics 30 years ago may have discouraged him from working with candidates who are more like-minded but have little chance of electoral success. In 1989, he helped craft the economic platform of Guilherme Afif Domingos, who ran for president on the Liberal Party ticket. They put forward a proposal that Brazil privatize every state-owned company and then use the revenue to wipe out the federal debt. Domingos came in sixth. "And so Brazil became a paradise for rent seekers and hell for entrepreneurs," Guedes later told Piauí magazine.
Guedes' openness to working with Bolsonaro may also derive in part from the efforts of the "Chicago boys," a group of free market economists (trained at Guedes' alma mater) who had helped guide Chile's economy under the dictator Augusto Pinochet beginning in the 1970s. Guedes had no direct involvement with this cohort, but he held a teaching job at the University of Chile in the early '80s, and he has expressed admiration for its economic impact. Thanks to the Chicago boys, Pinochet lifted price controls, slashed red tape, sold off state-owned companies, eased occupational licensing rules, and launched a quasi-private pension system.
The Chicago boys' agenda was derailed in 1982, when an ill-advised fixed exchange rate produced an economic crisis, but in the long run their reforms worked as intended. After the restoration of a democratic government in 1989, Chileans voted to continue their program of market liberalism. Three decades of spectacular growth followed. From 1987 to 2017, Chile's gross domestic product (GDP) grew ninefold and its poverty rate declined from 11.7 percent to 0.7 percent.
Of course, Pinochet also overthrew a democratically elected president, censored the press, murdered an estimated 3,200 citizens, and tortured many more. He was willing to back many of the reformers' ideas about economic liberty, but he violated other liberties in abhorrent ways.
Guedes' defenders argue that there's a fundamental difference between his work with Bolsonaro and the morally dubious alliance struck by the Chicago boys. Bolsonaro is "working within the democratic institutions of Brazil," says Diogo Costa, a political scientist with a high-level position at the Ministry of Economy who has worked at the libertarian Cato Institute and Atlas Economic Research Foundation. "I don't think [Guedes] would agree to sign on to a project that violated more fundamental principles."
Some fear, on the other hand, that Bolsonaro will gradually erode those democratic institutions. His administration "is engaged in a constant war against every single institution that could serve as an opposition to his power," says Fonseca, the libertarian Folha de S.Paulo columnist.
Pedro Menezes, a 25-year-old libertarian who writes for Gazeta do Povo and InfoMoney, has compared Bolsonaro to Hugo Chávez, the late socialist leader of Venezuela, who dismantled institutional constraints on his power after being elected. Menezes is particularly troubled by Bolsonaro's suggestion that he would consider packing the supreme court and lowering its mandatory retirement age, enabling him to appoint more justices.
Menezes decided to distance himself from his country's libertarian movement after attending an October 22, 2016 event in São Paulo that was organized by the free market Leadership Training Institute. Bolsonaro, a longshot candidate at the time, was invited on stage to join in a dialogue with a group of prominent libertarians. A large contingent of his supporters showed up, baiting the audience with chants of "Ustra! Ustra! Ustra!"—a reference to the notorious Carlos Alberto Brilhante Ustra, an army colonel who had arrested and tortured dissidents during the military regime.
Bolsonaro made outrageous comments during the event, according to Menezes, but his co-panelists treated him respectfully anyway. "I was so pissed I left in the middle," he says. "It was this transformational moment for me."
Other libertarian-leaning groups have kept their distance from Brazil's new president. Partido Novo, a political party founded in 2011, backed the more orthodox libertarian candidate João Amoêdo in the 2018 election. And the young political movement Livres, which used to be part of the Social Liberal Party (PSL), broke off in January 2018, when Bolsonaro took over the larger group.
In an essay explaining his vote to separate from the PSL, the political scientist Costa wrote that "when populism enters through the window, freedom goes out the door." But after Bolsonaro won the election and Costa was offered his position in the Ministry of Economy, he took it. "If I had to work [directly] under people who didn't share my vision and values and were committed to a different agenda," he says, "I wouldn't have" accepted.
Brazil's most influential libertarian organization is the Free Brazil Movement, which helped organize massive street protests in 2015 calling for the impeachment of Workers Party President Dilma Rousseff. (She was removed from office on August 31, 2016.) The group initially resisted supporting Bolsonaro in the 2018 election and tried to "build up more reasonable people," says Ferreira, the organization's co-founder. But Brazilians "wanted the more extreme option." After debating the issue internally, the group allied itself with Bolsonaro toward the end of his campaign.
It was a "dire" situation, Ferreira argues, because if Bolsonaro had lost, the Workers Party would have regained the presidency. And so the group launched what it called the "Patriotic Journey," sending its key representative to Brazil's northeast region to convince voters that Workers Party policies would damage their way of life.
The movement's charismatic spokesman, 23-year-old Kim Kataguiri, was elected to Congress in 2018, becoming the second youngest Brazilian currently serving. One of his first actions was to organize a 48-member "free market caucus" to support Guedes' agenda. But now that Bolsonaro is in office, Kataguiri and his group have started criticizing the president when he violates their principles. In April, after Bolsonaro threatened to cancel a planned hike in gas prices to appease the truck drivers union, Free Brazil Movement co-founder Renan Santos compared him to former left-wing President Rousseff and called him "a truck driver's bitch" on Twitter.

Paranoid Nationalism

Bolsonaro's inner circle has embraced the one aspect of libertarianism that overlaps with its own ethos: opposition to socialism. But the critique is articulated in the language of a paranoid right-wing nationalism. In August 2018, Eduardo Bolsonaro, the president's son, met with former Donald Trump adviser Steve Bannon in New York City, announcing on Twitter that they were joining forces to fight "against cultural Marxism." After his father was elected, Eduardo became the South American representative of Bannon's "The Movement," a project to promote populism and a nationalist agenda. "The greatest Brazilian philosopher alive," according to Eduardo, is Olavo de Carvalho, a pipe-smoking septuagenarian who lectures on YouTube about the alleged dangers of globalism, feminism, and Islam, and who once claimed that Pepsi is sweetened with the cells of aborted fetuses.
Carvalho, who lives in Virginia, attended a dinner party at Bannon's house in Washington, D.C., in January. His host expressed concern that "the face of Chicago"—meaning Guedes—could derail the nationalist agenda in Brazil. Carvalho reportedly denied that this would happen. When Bolsonaro made a trip to Washington, D.C., in March to meet with Trump, he attended a dinner at the Brazilian embassy and was seated between Bannon and Carvalho.
Bolsonaro's foreign affairs minister (a position comparable to the American secretary of state) is Ernesto Araújo, a Carvalho disciple who believes the current administration will reverse the spiritual corruption caused by "a left-wing agenda" that includes "gender ideology" and "the taking over of the Catholic Church by Marxist ideology (with its attendant promotion of birth control)." Bolsonaro's first education minister was a Carvalho recommendation, Ricardo Vélez Rodríguez, who proposed an Orwellian rewrite of school textbooks, mandating that they refer to Brazil's military dictatorship as a "democratic regime of force." After a disastrous three months, Bolsonaro replaced him with another Carvalho recommendation, conspiracy theorist Abraham Weintraub, who has suggested that the introduction of crack cocaine in Brazil was a left-wing plot.
But the biggest threat to Paulo Guedes' free market agenda, according to the political scientist Almeida, might not be Carvalho or Araújo or Bannon. It's the "industrialists of São Paulo" and the "agriculturalists of Mato Grosso"—crony capitalists with an economic stake in protectionism and regulation, who will wield influence in Congress to resist his policies. "I'm not sure how long Paulo Guedes will [tolerate] the defeats he'll endure in this government," Almeida says.

Starting Small

Bolsonaro is already demonstrating an unwillingness to risk political capital on meaningful reforms that hurt entrenched interests. But there's cause for optimism that the new radicals in Brasília (the nation's capital city) can cut red tape in significant ways. In April, the president signed a sweeping bill to reduce the regulatory burden on businesses. It exempts companies engaged in "low-risk" activities from licensing requirements, mandates that the government establish deadlines for responding to permit requests, and loosens the rules around initial public offerings, among other things. As a provisional decree, it went into immediate effect, but it will be invalidated if Congress doesn't confirm it within 120 days.
Many of the Ministry of Economy's initiatives don't require congressional approval. For example: Attorney André Ramos, a self-described anarcho-capitalist who now directs the Department of Business Registry and Integration, has helped craft a proposal to make it easier to register a company in Brazil, further streamlining a process that was already improved dramatically by a digital government initiative predating Bolsonaro. In 2018, according to the World Bank, it took an average of 20.5 days to start a new business in the country—way down from 82.5 days the prior year. But there's a long distance to go: In Chile, it takes just six days.
In a speech this year at the World Economic Forum in Davos, Switzerland, Bolsonaro set the goal of moving Brazil into the top 50 in the World Bank's Ease of Doing Business Index over the next four years. (Its current ranking is 109 out of 190.) Fulfilling that mandate falls largely to Paulo Uebel, the Ministry of Economy's 40-year-old "special secretary of debureaucratization, management, and digital government," who oversees a staff of 1,200.
Uebel, who has held leadership positions at several libertarian think tanks, says his goal is to "simplify the lives of Brazilians" and to make the government stop "micromanaging the life of the entrepreneur." He's starting with the small stuff. If reformers go up against powerful special interests right away, Uebel says, "we're probably going to lose."
Kataguiri, now in Congress, agrees. "We'll be able to approve some reforms, but these groups are very powerful," he says. He expects "small and medium" successes, but nothing of the magnitude that "us [classical] liberals would like."
As an example of the sort of changes his team is starting with, Uebel says he wants to eliminate the rules governing the size and functionality of the punch clocks that private sector employers are required to use when tracking workers' hours. "Only two or three companies in Brazil provide this kind of punch clock," Uebel says, and they lack political clout. More significant reforms, such as eliminating controls on workers' hours—i.e., the restrictions that require a punch clock in the first place—would require a constitutional amendment that is highly unlikely to pass right now.
Uebel also plans to revise "over a thousand" federal procedures that currently require face-to-face meetings with government bureaucrats, allowing Brazilians to take care of more things online.
So what happens to the thousands of federal employees who would be replaced by websites if Uebel gets his way? They'll remain on the payroll, because the authority to cut superfluous staff would require changing the constitution. Still, Uebel says he can thin the ranks through attrition.
Theoretically, the constitution does give the government authority to fire federal workers for poor performance, but Congress must first establish a legal framework for doing so. The Ministry of Economy will be working with lawmakers to craft such a bill, according to Wagner Lenhart, an attorney—and co-author of a book about Mises—who is now the "secretary of people management." But legislation of this sort is sure to face enormous opposition from labor unions. Lenhart and Costa, who now heads Brazil's Federal School of Public Administration, will also be pushing to substitute automatic promotion of government employees with a merit-based system.

What Next?

During the campaign, Bolsonaro deferred to Guedes on most questions related to economic policy. "In truth, I know nothing about the economy," the president confessed to one reporter. "This is the difference between [Bolsonaro] and Trump," says Ling. "The guy who thinks he knows everything will never be a libertarian."
But a few months into his presidency, Bolsonaro is already overruling Guedes for political expediency. Tariffs in Brazil average 8.6 percent, or 17 times the Chilean rate; in the World Bank's 2019 Doing Business survey, Brazil ranked 106 out of 190 on trade across borders. Brazil's president has the authority to slash tariffs without congressional approval, and in February his administration announced an agreement with Mexico that liberalized the trade in light commercial automobiles. But Bolsonaro has also raised tariffs on powdered milk, announcing on Twitter that "everyone has won, in particular, the consumers of Brazil."
Even before he was elected, Bolsonaro was citing the need for "responsible trade" and sympathizing with the "difficulties" that Brazilian companies face. Broad tariff reductions seem unlikely.
Guedes' first major priority is to restructure Brazil's fiscally insolvent pension system, which, because of an aging population, is projected to consume a staggering 26 percent of GDP by 2050. Standard & Poor's downgraded Brazil's credit rating last year based on its failure to pass pension reform: The system allows beneficiaries to retire at an average age of 58 and favors the better-off. The bottom 40 percent of the population gets just 18 percent of the paid benefits.
Guedes and Kataguiri are pushing for a unified system similar to Chile's sistema previsional, which would replace the current intergenerational Ponzi scheme with an arrangement in which workers contribute to private savings accounts. The government would still provide a baseline benefit for those who are too poor to contribute, and current beneficiaries would be grandfathered into the old system.
But will it pass? The negotiations underway in Congress have been chaotic, and in April, Kataguiri was losing faith. "My outlook for the future," he told The New York Times, is that "we won't approve the pension reform, we will slip into a recession, and the government will be left hemorrhaging."
Kataguiri's souring outlook reflects the Free Brazil Movement's shifting stance toward Bolsonaro. Ferreira, the group's co-founder, reflects on simpler times when the Workers Party was in power and the group could be purely oppositional, explaining to its followers that "left-wing ideas were responsible for the [economic] crisis." Now that the group is publicly associated with the president, it will be a public relations crisis for libertarians if his policies fail. "The left wing is going to come back at us," says Ferreira. They could respond by pointing out that Bolsonaro isn't really representative of their views, "but that's really hard convincing to do."
If Guedes succeeds more broadly, it could bring reductions in poverty and strong overall growth analogous to what the Chicago boys engineered in Chile. But it will come at a cost. The alliance that began three years ago on the initiative of Winston Ling, desperate to save Brazil from its worst economic crisis in modern history, was instrumental in electing a populist president who is doing significant damage to civil liberties. Brazil needs economic freedom, but it needs human rights too.


terça-feira, 22 de janeiro de 2019

O espectro do populismo (books) - Steven Hahn (The Nation)


The Populist Specter
Is the groundswell of popular discontent in Europe and the Americas what’s really threatening democracy?
The Nation, January 10, 2019

There is, many believe, a specter haunting the Euro-American world. It is not, as Marx and Engels once exulted, the specter of communism. Nor is it the specter of fascism, though some, including former secretary of state Madeleine Albright, have warned of this. Rather, it is the specter of what journalists, scholars, and other political observers now routinely call “populism.” To be sure, there are few, if any, self-described populist movements afoot: no “populist” parties seeking to mobilize voters and constituencies, no “populist international” attempting to harness discontent as it spreads across national borders. Nor is there any “populist” language, sustained “populist” critique of the status quo, or “populist” platform as there once was in the United States at the very end of the 19th century.

“Populism” is instead a term meant to encapsulate the rage often found among white and native-born voters across Europe and other parts of the Western Hemisphere, who regard themselves as victimized by established political institutions, the corrupt practices of politicians, and the influx of migrants from afar. Indeed, these “populists” appear to be united both by shared grievances and by a disposition to place the blame not on the workings of the economic system or the excesses of economic elites (though anti-Semitic currents suggest some of this), but on the threats posed by immigrants to the national culture and economic well-being.
In the current parlance, that is to say, populism is less a movement than a menace. It seems to defy accepted political rules and norms, transgress recognized boundaries, and veer toward authoritarian solutions. Most of all, it threatens the institutions and practices associated with liberal democracy, long believed to be the foundation of American political culture and imagined, with the end of the Cold War, to have emerged triumphant over its rivals throughout the world. But what can this presumed struggle between populism and liberal democracy tell us about the making of our current political climate and the future to which it may give rise? What, in fact, do these accounts really tell us about populism and, for that matter, liberal democracy?
The presumed opposition between the two resides at the center of Yascha Mounk’s The People vs. Democracy, although the book is chiefly concerned with what Mounk calls liberal democracy’s “crisis” and “decomposition.” The causes of this troubling state of affairs should be familiar to anyone who has listened to or read political analysts—on any point of the political spectrum—over the past several years. They include the slowing rate of economic growth in much of the West since the mid-1970s; the corporate offensive against unions and other forms of working-class power; the insulation of political elites from popular pressure; the expanding power of the executive and judicial branches of government; the emergence of new forms of social media capable of disseminating extreme ideas; and the erosion of ethnic and cultural homogeneity owing to new patterns of migration. Taken together, Mounk argues, these developments have dramatically increased economic inequality, raised deep suspicions about the integrity and responsiveness of political institutions, and encouraged the rise of nationalist movements that place immigrants and other ethnic and religious minorities at the root of their predicament. They have also, Mounk continues, caused liberal democracy to unravel into two strands, “undemocratic liberalism” and “illiberal democracy”—the latter another term, in his view, for populism.
Although none of this will be news to many readers, more arresting is the supporting data that Mounk offers up here. Polling and related surveys, he argues, show not only the erosion of trust in political institutions and democratic norms but also a growing support for authoritarian leadership, including military rule. Indeed, according to Mounk, the data show this trend to be especially notable among young people in a remarkable array of countries: Britain, Chile, Germany, Italy, Norway, Romania, Slovenia, Spain, and Uruguay, as well as the United States. Scholars of political development have long argued that when a society achieves a stable form of liberal democracy, there is little chance of it backsliding. But if Mounk is right, then all bets are off. “Once upon a time,” he tells us, “liberal democracies could assure their citizens of very rapid increases in living standards,” while “political elites…could effectively exclude radical views from the public sphere,” and the “homogeneity of their citizens…held liberal democracies together.” Now, all of this has changed, leaving us on the slippery slope to authoritarianism.
Maybe yes, maybe no. As alarming as The People vs. Democracy is, some of the data that Mounk presents has been subject to serious criticism—by Cas Mudde, Jeff Guo, and Pippa Norris, among others—both for overstating the popular disenchantment with democracy and for understating a wide range of attitudes that may lend it support. As always, the salience of polling data depends on what questions were asked, what choice of answers was provided, and what we make of the responses. Also, there are reasons to doubt the extent and depth of the crisis that Mounk describes. Elections during the past three years suggest that millennials can be mobilized in large numbers for democratic purposes; and, if anything, they seem to be moving left rather than right—certainly in the United States, where socialism is now viewed by many of them as an appealing alternative.
Whether or not Mounk’s data hold up, he is hardly alone in raising the warning flags for liberal democracy. Political theorist William Galston, a domestic-policy adviser to Bill Clinton during his presidency, does likewise in his concise and pointed Anti-Pluralism, which echoes many of Mounk’s arguments. During the past 25 years, Galston writes, partisans of liberal democracy have moved from “triumphalism to near despair,” as elites have grown skeptical of the need for popular consent and “populist movements” have erupted to express their opposition.

Current Issue
Like Mounk, Galston attributes the present dangers to the faltering of economic growth and to the “waves” (this appears to be the metaphor of choice these days) of immigration that have washed over Europe and the United States. Like Mounk, he focuses on how liberal democracies can be “deformed” by demagoguery on the one side and elitism on the other, and he remains committed to resuscitating the liberal-democratic way. Yet Galston seems even more worried about the threat that populism represents, and he writes about it almost in the language of contagion. Populism, he insists, is tribal: It feeds on feelings of economic and cultural vulnerability and thrives on binary and simplistic portraits of the world (“us” versus “them,” the “people” versus the “elites”). It draws strength from the “incompleteness of life in liberal societies” and attacks vital norms, pluralism chief among them. An “antidote” must therefore be found, preferably in what Galston calls liberal democracy’s “capacity for reinvention.”
For all their fretting and concern, however, neither Galston nor Mounk offers a compelling definition of populism or explains why the term is a useful rubric for the political discontent that has grown so powerful in recent years. Nor does either give us much of a sense of where populism comes from, whether it has a meaningful history, or whether a deeper historical perspective would serve our understanding better.
For both writers, those designated as populists can be disposed to immigrant-bashing and to various forms of nationalism and anti-elitism; and the word “populism” seems most useful as a demeaning and uninterrogated epithet that Galston and Mounk have embraced to express their own hostility to liberal democracy’s apparent enemies. So far as they can see, both populism and the crisis of liberal democracy are of relatively recent vintage—products of the end of the post–World War II boom, or the end of the Cold War, or the rise of terrorism and terrorism-related warfare. It is a perspective that offers some comfort in these volatile and unpredictable times: The shallower and more peculiar the roots of this noxious growth, the fewer the obstacles to plucking them out.
The ambition and appeal of Barry Eichengreen’s The Populist Temptation are to be found in the historical framing that Mounk and Galston avoid. A distinguished economic historian, Eichengreen looks to Europe as well as the United States and takes us all the way back to the Luddites of early 19th-century Britain and the Greenback and Populist parties of late 19th-century America, who all mounted serious political projects or electoral challenges. Eichengreen’s net also catches the German Social Democrats of the 1870s and 1880s, the American Ku Klux Klan of the 1920s, and demagogues like Father Coughlin and Huey Long in the 1930s and Rush Limbaugh, Sean Hannity, and Donald Trump more recently.
Eichengreen cautions that not all of these phenomena are necessarily examples of populism. Yet over the course of his book, virtually every movement or voice—whether of the left or the right—that pushes back against the dominant social and political system is lumped into a category of disruption whose toxicity, he argues, tends to be the product of economic insecurity and whose impact can best be limited or curbed by economic turnarounds and wise governance. The policies of Bismarck and Franklin Roosevelt, Eichengreen suggests, provide good illustrations of how the wind can be taken out of such movements.
Still, whatever is historically and analytically valuable in Eichengreen’s approach comes apart because his unbridled animus toward the populism of the current moment plays havoc with his apparent interest in contextualizing it. The “taproot of support” for the various expressions of populism today “is in each case fundamentally the same,” he writes, and for all intents and purposes this also appears to be true of the past.
Eichengreen is no less confusing than Mounk or Galston in attempting to characterize the populism and populist leaders of our day. Acknowledging that populism is difficult to define, he nonetheless echoes Justice Potter Stewart’s 1964 take on pornography: “I know it when I see it.” But what is it that we see? According to Eichengreen, populism is marked by anti-elitism, authoritarianism, nativism, bellicose nationalism, demagoguery, and destruction. Populism is “corrosive” and brings out the “worst in [its] followers,” arraying the general public against the intelligentsia, natives against foreigners, and majority groups against minorities. Populists revel in flouting restraints and disregarding expert opinion, and although they are willing to have the government advance their agenda, it is not clear what their agenda is, beyond punishing their enemies.
Eichengreen’s intention here is to find the “wellspring” of populism by looking back at the dissident movements of the past. Yet he looks to the past mostly to confirm what he already believes or to identify direct links and lessons. Like Mounk and Galston, he circles the wagons around established institutions and firmly believes that populism must be combated and quelled—tellingly, the title of one of his chapters, “Containment,” evokes the US strategy toward the Soviet Union—and its grievances addressed. Otherwise, he warns, populism may descend into fascism.
Although Mounk, Galston, and Eichengreen recognize how liberal democracy and the international liberal (or neoliberal) order can be dismantled and reconfigured, none of them show an interest in mounting a critique of modern liberalism itself. Far from it: The gravity of the present crisis has made them feel all the more protective of liberal institutions, domestically and internationally, as though they were the last guards on a virtual Maginot Line for our civilization. It is a disposition shared by many liberal and left-of-center commentators, who have, of late, found new allies against the forces of populist darkness in the FBI, the CIA, and the national-security state. Small wonder, then, that one of the most thoughtful critics of the liberal project and its results steps forth from the right side of the political spectrum.
Patrick J. Deneen’s Why Liberalism Failed isn’t a new take on the subject; readers acquainted with the work of Wendell Berry, Christopher Lasch, and Amitai Etzioni will find much that is familiar here. But in a measured and humane way, Deneen allows us to think more deeply about where we are and why, and about how we have become complicit in the making of developments that we claim to revile. “Liberalism,” Deneen writes, “created the conditions, and the tools, for the ascent of its own worst nightmare, yet it lacks the self-knowledge to understand its own culpability.” The current crisis of liberal democracy, in short, “is the culmination of the liberal order.”
Deneen is a political philosopher who decries what he sees as the long-term erosion of community standards, cultural life, and especially the means of self-governance. In his view, social bonds, shared commitments, a reverence for tradition, the cultivation of moral virtue, and the recognition of human limits have been steadily undermined by a hegemonic liberalism that regards the individual as the basic social unit and the state as the vehicle of progress. Denizens of liberal societies are instructed to act more selfishly, to hedge their commitments, and to regard relationships as flexible and fungible in pursuit of a liberty that, in the end, depends on the expansion of the state to secure its very prospects. Although “conservative” and “progressive” liberals may differ over how to use the state and the limits of such interventions, they share a commitment to the state as an essential means to achieve their ends, one designed to transcend the limitations of a particular local practice or norm. By celebrating personal emancipation from established authority and arbitrary cultural or religious traditions, liberalism creates its own forms of dependency, Deneen argues, forcing individuals to look increasingly toward an ever more distant and bureaucratic state that claims to advance their liberties while ultimately restricting them.
The practices and institutions of liberal democracy therefore obscure the disempowerment of those who try to register their political aspirations at the same time that globalization eviscerates popular control over the dynamics of economic life. Liberalism, Deneen contends, thrives on the flattening of culture and the reifying of technology; eventually, it undermines the relational webs that make for social and political cohesion. Thus, as liberal democracies lose legitimacy, they often “generate demotic demands for an illiberal autocrat who promises to protect the people against the vagaries of liberalism itself.”
As compelling as some features of this argument may be, Deneen also tends to resort to some rather tiresome critiques, especially of liberal learning and the universities. Joining many other conservative culture warriors since the 1980s, he rails against multiculturalism, the abandonment of the “great books” curriculum, and intellectual uniformity on campus, while longing for what he imagines are more traditional communities. For him, as for Wendell Berry, communities are the obverse of liberal estrangement: They sustain cultural bonds, self-governance, social humility, and spiritual nourishment. But neither Deneen nor Berry (or others who embrace this view) confronts the negative aspects that usually attend these communities: insularity, demands for conformity, hostility to outsiders, entrenched hierarchies organized around gender and race, and the infliction of so-called rough justice. Even so, Deneen does offer a useful counterpoint to the liberal-crisis theorists of our moment, who often miss how liberal democracy can undermine access to meaningful forms of power and, during times of stress, lurch toward some type of illiberalism.
The critical assessments and warnings that mark these works are accompanied by a raft of remedies designed to stave off the worst of what their authors see coming or to reverse the tendencies that pose the gravest threats. Deneen, despite his conservativism, doesn’t favor a return to a “preliberal age” and suggests that we acknowledge liberalism’s achievements. But the path forward that he offers seems fanciful at best: He urges us to “outgrow” our “age of ideology,” to nurture “practices of care, patience, humility, reverence, respect, and modesty,” and to transform our households into small economies (“household economics,” in his words).
Mounk, Galston, and Eichengreen are far more policy-oriented and offer more practical programs. To defeat populism, they insist, liberals must promote robust economic growth and focus on full employment and higher incomes for working people. They must shift tax burdens to the rich and invest in infrastructure, education, and health care. They must also encourage worker participation in corporate decision-making, confront the appeal of nationalism, and rethink the organization of both national and multilateral political institutions (like the European Union) so that influence is more widely distributed. It is an impressive and likely helpful to-do list. But the irony is that these are precisely the sorts of programs that liberal regimes have long resisted, and their achievement would require both a serious critique of modern liberalism and popular mobilizations that might well appear “populist” in character.
The literature of the current moment is a bit reminiscent of the immediate post–World War II era, when historians and political scientists began to construct an idea of the American liberal political tradition and heaped scorn on movements like late 19th-century populism, which they likened to fascism and blamed for the rise of McCarthyism in their own time. Populism, they argued, was backward-looking, xenophobic, anti-Semitic, prone to conspiracy theories, and a product of status anxieties and economic insecurity. Richard Hofstadter, one of the most distinguished historians of the period, not only wrote about populism in this way but also saw it as part of a wider “anti-intellectualism in American life” and a “paranoid style in American politics.” Fears of popular unrest abounded (tied to communism and socialism in particular), while the importance of the “vital center” was proclaimed. It wasn’t until new movements on the left emerged, especially those in pursuit of civil rights and against the Vietnam War, that a more sympathetic reassessment of 19th-century populism gained traction—and that reassessment was soon superseded by growing interest in a new populism of the right, beginning with George Wallace (who mostly goes unmentioned in the books under review, as in many others like them).
Still another meaningful historical perspective is, quite remarkably, ignored by liberal analysts and observers who associate the spread of populism with the recent “waves” of immigration: empire. It is true, of course, that the international circuits of migration causing much of the stress took shape well after decolonization and the Cold War. But it is a mistake to overlook the relationship between Western empire and the longer-term movement of people from colonies and former colonies that has been diversifying the populations of Britain, France, and the Mediterranean for decades. It is also a mistake to overlook how the movement of laborers and their families from Mexico, Central America, and the Caribbean to the United States has been produced, in part, by the US’s domineering presence in the Western Hemisphere during the 20th century and, in part, by its continental conquests during the 19th.
The term “globalization” quite simply obscures the power relations across continents and on the ground that have been producing massive inequalities of income and wealth, while the nationalist responses obscure the global vision and politics that will be necessary to create a more secure and equitable world, especially in the face of climate change. There is a need, that is, for a version of what Henry Wallace prescribed during the Second World War: not just an American New Deal but a global one.
No less sobering from a historical vantage point are the deeply laid traditions of illiberalism that have helped define our political culture since the time of the American Revolution. It has been commonplace for observers to assume that liberal democracy has characterized our politics across the last two and a half centuries and that illiberal impulses have erupted fairly recently and under unusual circumstances. But that simply ignores the powerful strains of anti-Catholicism that shaped American politics from the 18th century until at least the 1930s; the centrality of slavery and racism to organizing relations of political power locally and nationally; the violence that routinely accompanied electoral contests throughout the 19th century, even when political parties were robust and voter turnout very high; the community and associational harassments that denied outsiders and nonconformists, especially of a religious nature, their standing and rights; and the many efforts to disenfranchise working people of different racial and ethnic backgrounds.
In 1838, just at the time that Alexis de Tocqueville was publishing Democracy in America—long considered a basic statement of America’s liberal exceptionalism—a young Abraham Lincoln spoke to an audience in Springfield, Illinois, of an “ill-omen amongst us.” By this, he explained,
I mean the increasing disregard for law which pervades the country; the growing disposition to substitute the wild and furious passions, in lieu of the sober judgment of Courts; and the worse than savage mobs, for the executive ministers of justice. This disposition is awfully fearful in any community; and that it now exists in ours, though grating to our feelings to admit, it would be a violation of the truth, and an insult to our intelligence, to deny. Accounts of outrages committed by mobs, form the every-day news of our times. They have pervaded the country, from New England to Louisiana…. Alike, they spring up among the pleasure hunting masters of southern slaves, and the order loving citizens of steady habits. Whatever then their cause may be, it is common to the whole country.
These Lincoln viewed as “dangers” to American institutions more than two decades before a rebellion of slaveholders, on his watch, nearly tore the country apart in one of the 19th century’s bloodiest conflicts.
The populist phenomena of the present day appear heir to these unsettling currents of illiberalism. But there has been resistance too, mounted mostly by those who have been the targets of illiberal attack, but also by movements that called themselves (and could reasonably be called) “populist”: movements of the late 19th and early 20th centuries, and of the 1930s and ’40s, that did take on the inequalities of wealth and power in American society; that did mobilize constituencies which had been cast out and marginalized; and that did struggle to construct a more democratic future. Unless we come to terms with this complex history, with its burdens and inspirations, we are surely lost.