William Galston

But it wasn’t just the crash

There’s more to populism than economic discontent

issue 08 September 2018

We often hear it said that the financial crash created populism. It is now a familiar story: that the Lehman Brothers collapse and the Great Recession exposed a shocking and colossal failure of economic stewardship in general. Ordinary families suffered, while bankers were bailed out. This led to people losing confidence in mainstream parties and established institutions.

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