Edward Harrison is the founder of the blog Credit Writedowns and is a finance specialist at Global Macro Advisors. Previously, Edward was a strategy and finance executive at Deutsche Bank, Bain, and Yahoo. He started his career as a diplomat and speaks German, Dutch, Swedish, Spanish and French. Edward holds an MBA from Columbia University and a BA in Economics from Dartmouth College.
Here’s a talk I did with Alan Tonelson of the Henry George School in New York. I think economic populism is alive and well — and still a driving force of politics in the US and Europe. Take a look at the video.
Let me say a few things here first. While populism is still a force to reckon with, the recent economic growth spurt that started last year makes it less virulent. I have said this since last June.
Personally, I’ve gone back and forth on this issue of populism. I entitled one of my first posts here, nearly ten years ago, “Populism: The real economic danger in this recession.” I think this was the sixth post I wrote on this site. That post took a fairly negative view of political populism.
But just nine days later, I followed it up with another post, a thought piece on populism that has become one of my favorites, “A populist interpretation of the latest Boom-Bust cycle“. That post draws heavily from Jared Diamond’s book Guns, Germs and Steel and his framework of kleptocracy:
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Diamond says the Kleptocrats maintain power using 4 different methods: