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Theory: what makes you think that? Theory: what makes you think that?
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Market populism: I ain’t gonna work for the taxman no more Market populism: I ain’t gonna work for the taxman no more
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The new right: we like livin’ right and bein’ free The new right: we like livin’ right and bein’ free
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The left: where do you think you’re going? The left: where do you think you’re going?
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References References
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9 Market populism, its right-wing offspring and left alternatives
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Published:September 2021
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Abstract
Populism is often understood as an antithesis to liberalism, without differentiating between right- and left-wing populisms on the one hand and between liberal democracy and economic liberalism on the other. This chapter challenges such views by (1) demonstrating that economic liberalism was successfully translated into market populism that gained popular support during the economic and legitimation crises of welfare capitalism, (2) tracing the rise of right-wing populism to the failure of market populism to deliver on its promises and (3) discussing the question why the left doesn’t gain more support in the face of the unpopularity of economic liberalism and widespread rejection of the new right. To explain these developments, the chapter employs a model explaining why liberal, left-wing and right-wing ideas gain enough popularity so that historical blocs can coalesce around them but also why the same ideas fall out of favour, lead to the fracturing of existing historical blocs and create opportunities for the making of new blocs around new ideas.
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