What are the effects of economic populism on political institutions? 🔊
The effects of economic populism on political institutions can vary but generally include the redefinition of traditional party lines and increased polarization. Economic populism often prioritizes the needs of the average citizen over elite interests, leading to the rise of leaders or movements promising to address economic inequality. This can result in the erosion of established political frameworks, as populist movements challenge institutional norms, leading to a demand for more direct forms of participation from the populace. Furthermore, economic populism may alter public trust in political institutions, as citizens increasingly voice skepticism toward conventional political elites and processes, potentially resulting in social unrest and reform.
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