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The Economic Origins of the Populist Backlash

From the collection Political Turmoil

The election of Donald Trump wasn’t business as usual – it was a message from the Rust Belt, who in some sense have lost their economic voice. Voters in the region used the ballot in November 2016 to attempt to regain control over financial policies that were not designed to benefit them. Inequality in the U.S. has increased dramatically, and economists like Pia Malaney understand that if you do a post-mortem on major financial policies like trade and immigration over the last few years, it exposes where the populist backlash has come from. There are winners and losers in every economic policy, and in recent years the U.S. has been skipping the crucial last step: wealth redistribution. Malaney gives a detailed insight into the system of winners and losers the U.S finds itself in, and emphasizes the importance of understanding the real implications that policies have in different regions.

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