The Left Is in Retreat

The Tony Blair Institute published a report on Friday last week, which found that populist leaders and parties in power have increased fivefold since the end of the Cold War. And what's most interesting is that it isn't any sort of populism - it's typically right wing populism. We've seen Brexit, Trump, an unexpected right wing victory in the Australian federal election last year and Boris Johnson looks likely to win a second term. This is not unusual; we could have predicted this if we'd known a little bit about financial history. The claim that the 2010s were the people's decade though seems to me to fly in the face of a lot of facts.