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It's really a reaction to 40 years of failed neoliberal policies.
The solution is leftist economic populism.
Yeaaahhh, no. It is not that simple, it is never they simple.
The lefts populism is best for 99% of the people, but worse for the wealthiest 1%, and that's why it'll never happen.
The plutocracy would prefer the lies and mental illness of right wing populism. A fascist dictatorship and boogeymen to keep the people in line, is better than the risk of being marginally less wealthy.
Enough people show up, it happens.
What about a kakistocracy?
Why do you think another populism is the solution?
Ring wing "populism" isn't really populist, it's masking politics beneficial to the wealthy elite in a way that is palatable to enough people just long enough to gain power and put into effect laws that are highly unfavourable to your average person. The antidote to that is making changes that are actually favourable to your average person. Placing those two different concepts under the singular label "populism" is, frankly, disingenuous.
The far right populism is a pseudo populism. Real populists are (as name suggests) for the people.