political populism and income inequality

From Martin Wolf’s Wednesday column.

[T]he US income distribution is now more like that of a developing than an advanced country. Populism (of both left and right) is a natural consequence of high inequality. If so, Mr Trump may be no temporary anomaly.

Martin Wolf, “Donald Trump’s clash of civilisations versus the global community“, Financial Times, 12 July 2017 (gated paywall).

 

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