government

  Reversing populist legacies requires more than winning an election — or changing the policies. It requires rebuilding the institutions that populism spent years dismantling.   Elections end governments. They do not always end what those governments built. A previous post documented how populist rhetoric falls sharply when a populist government leaves office, while the economic and […]

  Elections are supposed to change things. And in one sense, they do: when a populist government loses power, the rhetoric changes almost overnight. The speeches shift in tone, the enemy-of-the-people framing disappears, and international observers breathe a collective sigh of relief. But rhetoric is not policy. And policy, it turns out, is far stickier […]

  America’s midterm congressional campaigns are now underway, marked by clamor over the so-called “affordability crisis.” Although driven primarily by Democrats, the hand-wringing narrative is prompting candidates across the political spectrum to propose all manner of government measures to correct purported market failures. But such interventions are, more often than not, the cause of higher […]

  The world is becoming increasingly fragmented. This fragmentation is political, geographic, ideological and economic, and it significantly affects trade, the division of labor and capital, supply chains, investments and markets. The repercussions extend beyond business, influencing every aspect of life and posing a substantial challenge to prosperity. This trend did not start with United […]