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MacroVoices #443 Viktor Shvets: From Central Banks To Assets Classes To Geopolitics & More
Macro Voices
Rejecting Extremes Leads to Centrist Policies
Political parties across various countries are increasingly compelled to moderate their stances, moving away from extreme ideas to appeal to a less furious electorate. In Italy, France, and among U.S. parties, leaders are shifting towards centrist economic policies, distancing themselves from radical proposals like exiting the EU or extreme welfare cuts. This shift occurs as parties respond to the electorate's current mood, indicating that when the public is not overwhelmingly angry, parties will reject their worst ideas to maintain governance. Consequently, this creates a political environment where economic policies converge towards a more centrist approach.
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