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The Francis-Trump Populist Nexus

Written by rober6thom on . Posted in Action Institute

Populism and free markets have a strained relationship. On the one hand, free markets have raised the living standards of ordinary people beyond belief and given them opportunities their ancestors couldn’t possibly imagine. So one would think any leader who wants the people on his side would promote market economics. On the other hand, actual populists around the world demagogue against capitalism any chance they get and the people often approve, even though soaking the rich rarely helps the non-rich and usually makes everyone worse off.

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Read Source: The Francis-Trump Populist Nexus

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