Every other week, we release 5 Minutes for Business, a publication written by Hendrik Brakel, our Senior Director of Economic, Financial and Tax Policy. In these publications, Hendrik briefly describes current issues that affect the Canadian economy and provides insight on what it will mean for Canadians today and the future. In this week’s edition, he looks at why populism is on the rise all over the world.
In the U.S., Donald Trump is leading all the polls nationwide in the Republican primaries, and in the Democratic Party, support is surging for a 74-year-old self-avowed socialist, Bernie Sanders, who wants a “political revolution.” In the U.K., the British Labour Party has nominated Jeremy Corbyn, who wants to nationalize energy companies and the banks while introducing a maximum wage for CEOs. Where are these extremists coming from? Why are they rising all over the world?
Could this complete, utter rejection of the establishment and the status quo have economic roots? Are people angry enough with the state of the economy that they could be seeking out change at any cost?
Read 5 Minutes for Business to find out.
For more information, please contact Hendrik Brakel.