Pensioners and populism: will it wane or gain momentum?

New York

IF Donald Trump loses the US election, will the tide of populism that threatened to overwhelm the world after the Brexit vote in June begin to wane? Or will the revolt against globalisation and immigration simply take another form?

The rise of protectionism and anti-immigrant sentiment in Britain, America, and Europe is widely believed to reflect stagnant incomes, widening inequality, structural unemployment, and even excessive monetary easing. But there are several reasons to question the link between populist politics and economic distress.