Populism

1.

In a neutral sense, populism is political activity which addresses the concerns of ordinary people.

The UK's pro-Brexit referendum vote and the election of US President Trump are linked by many commentators with populism.

2.

The term 'populism' is also used more negatively by some writers, to highlight political risks associated with populism and nationalism.

"Despite serious political risks linked to populism on both sides of the Atlantic, the growth outlook looks very promising indeed."

The Treasurer magazine, March 2017, p17 - Kallum Pickering, senior UK economist, Berenberg Bank.

"Andy Haldane, chief economist at the Bank of England... puts a lot of store in 'agent based modelling' (ABM), a computational approach that attempts to integrate the often capricious nature of human and institutional behaviour into forecasting models.

Let's hope it works; if it doesn't, populist denigration of expert opinion will only intensify further.

The alternative of government by gut instinct is not an appealing prospect."

The Treasurer magazine, February 2017 p13 - Jeremy Warner, assistant editor of The Daily Telegraph.

See also

• Brexit
• Political risk