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“The defining feature of world politics post the Global Financial Crisis (GFC) has been the rise of right-wing populists, who have disrupted politics. It wasn't meant to be this way. Conventional wisdom at the time was that the GFC would lead to the 'social democratic moment'. The theory went that in the aftermath of the GFC - an event which exposed the dangers of relentless deregulation and fuelled an already existing rise of inequality - progressive parties, with a preference for appropriately calibrated regulation and redistribution, would benefit. Like much conventional wisdom, reality proved otherwise. Instead, it's been the right-wing populists' moment. The charlatans' moment. First, they disrupted their own parties, then they disrupted politics more broadly. (p.14-15)” — Chris Bowen

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The defining feature of world politics post the Global Financial Crisis (GFC) has been the rise of right-wing populists, who have disrupted politics. It wasn't meant to be this way. Conventional wisdom at the time was that the GFC would lead to the 'social democratic moment'. The theory went that in the aftermath of the GFC - an event which exposed the dangers of relentless deregulation and fuelled an already existing rise of inequality - progressive parties, with a preference for appropriately calibrated regulation and redistribution, would benefit. Like much conventional wisdom, reality proved otherwise. Instead, it's been the right-wing populists' moment. The charlatans' moment. First, they disrupted their own parties, then they disrupted politics more broadly. (p.14-15)
— Chris Bowen