Populism akin to inflation; it sometimes sleeps but never dies…

In the face of Putin’s onslaught on Ukraine you would have thought populism would be killed off once and for all, at least in Europe. This man had the sympathy of anti-Europeans everywhere, the far-right and where in existence the far-left in Europe generally, let alone populists more globally. Populists’ previous support for Putin and tepid condemnation of his actions now would surely be the final nail in their coffin.

But no. At the start of April, a government in Hungary sympathetic to Putin pre the invasion wins an overwhelming re-election victory. The Prime Minister, Viktor Orban, busily undermining the judiciary and independent media, who called the EU and President Zelenskyy ‘his opponents’ is triumphant.

Then we have the first-round of French Presidential elections, where the far-right Marine Le Pen is within 4% of President Macron and will face him in the second-round runoff on 24th April. She could win.

Populists are alive and kicking…

A little bit of a background to this election. President Macron, infuriatingly arrogant, chose to focus on Ukraine rather than bother campaigning in earnest on domestic issues believing he was home and dry. He forgot the elephant in the room, the cost-of-living crisis, and is rightly taking a kicking. He should still win but might not. The French electorate are angry, and Europe has a history of electing far-right leaders by accident…

For all Macron’s mistakes, how has a ‘previous racist’ who wanted to withdraw from the Euro and EU got this far? Her Party took a generous Russian loan, and she was an admirer of Putin, with Putin appearing in early election literature. To paraphrase a well know saying, you can put lipstick on an animal, but it is still the same animal…

The answer of course is complacent out of touch politicians failing to address the concerns of core voters. When voters feel, however unfairly, that you hear more debate about culture wars, for example, than solutions to the severe economic pain they are experiencing you despair…

Which takes us to the UK. The modestly populist Tory government is in trouble for exactly the same reasons centrist moderates are. It seems to have forgotten the core concerns of voters. With the PM still embroiled in ‘partygate’ and his now formerly admired Chancellor and his wife engulfed in allegations of tax dodging, it appears it is one law on Covid and tax for governing elites whilst the less well-off struggle financially. The massive hike in energy prices is crippling for many. Help so far has come in the form of loans or a relaxation of the impact of the National Insurance increase which only benefits those in work. Against this backdrop, wine in offices during lockdown as laws forced us to self-isolate and non-dom status for fabulously rich partners as taxes for everyone else rise demonstrates an increasingly political tin ear to say the least. Incredibly, bland, second-rate Labour may still lose the next election but, my, the Tories are making it difficult for themselves. They should be thankful there is no credible far-right alternative to vote for.

So, there you are. The forces of populism are alive and well and still the driving force in many democratic countries. And you have resurgent inflation too. A depressing double whammy you might say.

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