Populism and Economic Prosperity
2 days ago
- #media influence
- #populism
- #economic impact
- Populist governments significantly reduce GDP, with a 10% drop over 15 years.
- Debt-to-GDP ratios and inflation tend to rise under populist regimes.
- Populist policies restrict trade and reduce openness to foreign goods and people.
- Populist governments weaken judicial independence and devalue expertise, harming innovation.
- Populists often stay in power longer due to rigged systems and persistent social issues.
- Media manipulation by wealthy elites promotes populism, distorting public understanding of its economic harms.
- Brexit serves as a case study of populism's economic damage, with GDP falling by 4%.
- Populist rhetoric often appeals to nostalgia, enacting regressive policies.
- The breakdown of academic expertise in policymaking exacerbates economic mismanagement.
- US and UK media are increasingly used as propaganda tools for right-wing populism.