Yair’s Reviews > The Economics of Discontent: From Failing Elites to The Rise of Populism > Status Update

If the wealthy want to stay that way, they must recognize the need to protect the social consensus that their wealth is legitimate. To do that, they will need to understand and address the crushing macroeconomic processes that are grinding down the stricken majorities in the societies that support them.

Paul, Jean-Michel. The Economics of Discontent: From Failing Elites to The Rise of Populism (p. 61).

Recent elections in the Western world continue to reflect this shift. The traditional left-right debate over distribution versus efficiency is increasingly replaced by a nationalist versus internationalist paradigm.

Paul, Jean-Michel. The Economics of Discontent: From Failing Elites to The Rise of Populism (p. 33). Kindle Edition.