The Global “Populist” Doom Tour Swings to Italy

Widespread public disaffection and dissatisfaction are not unique to the UK and US; they’re on the rise all over the developed world. It’s not hard to see why. In the words of Mark Blyth, one of an embarrassingly small number of economists to correctly call both Brexit and the victory of Trump, the last 30 years have seen “a huge amount of economic growth but hardly anyone’s benefited from it.” And now the people are “fed up” and have decided at any opportunity to “give their elites notice that they’ve had enough.”

On December 4th, Italy could become the next whistle stop on the global populist doom tour as its people vote in a national referendum on the government’s proposed constitutional reforms, which seek to drastically curb the role of the upper house Senate…

Continue reading the article at WOLF STREET

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