The economic story is a huge reason of what drives that anger, right? The experience of the 80 of 90% of globally, the 50th percentile in the United States, of not experiencing real and premium living standards for the past decades. Now, the form that anger takes is obviously going to depend on many factors which are non-economic. It was that kind of a cultural expression of economic malaise has been encouraged by politician in this country for a while because it provided easy votes.
Yascha Mounk and Branko Milanovic discuss what his famous elephant curve says about the ills—and the gains—of globalization; how the left’s concern with inequality is being turned against its concern with internationalism; why economic causes of populism are often expressed in cultural ways; and how a determination to increase the financial and educational endowments of ordinary citizens can combat inequality and boost their living standards.
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