Why did I love this book?
Populists are dividers. They campaign on the basis of representing the pure mass of people over a reviled elite. For left-wing populists (such as those who have sometimes prevailed in Latin America), the elite are affluent landowners. For right-wing populists (the kind who have emerged in recent decades), the elite are intellectuals, immigrants, and internationalists.
Barry Eichengreen's book provides a historical and economic analysis of populism. Eichengreen traces the rise of populist movements from the 19th century to the present, identifying economic insecurity, inequality, and globalization as key drivers. He discusses how populist leaders exploit economic grievances and mistrust of elites to build broad-based support, often advocating protectionist and anti-immigrant policies.
Through case studies of populist leaders, such as Donald Trump in the United States and Marine Le Pen in France, Eichengreen illustrates the potential dangers of populism to economic stability and democratic governance while also suggesting policy measures to address the root causes of populist discontent.
2 authors picked The Populist Temptation as one of their favorite books, and they share why you should read it.
In the last few years, populism - of the right, left, and center varieties - has spread like wildfire throughout the world. The impulse reached its apogee in the United States with the election of Trump, but it was a force in Europe ever since the Great Recession sent the European economy into a prolonged tailspin. In the simplest terms, populism is a political ideology that vilifies economic and political elites and instead lionizes 'the people.' The people,
populists of all stripes contend, need to retake power from the unaccountable elites who have left them powerless. And typically, populists' distrust…