NEW YORK – When too many Italians voted late last month for either a louche and discredited business tycoon or a comedian, European stock markets plummeted. With no public trust in the political class, Italy might become ungovernable.
But Italians are not alone. Rage against the political establishment has become a global phenomenon. Chinese bloggers, American Tea Party activists, British Europhobes, Egyptian Islamists, Dutch populists, Greek ultra-rightists, and Thai “red shirts” all have one thing in common: hatred of the status quo and contempt for their countries’ elites. We are living in an age of populism. The authority of conventional politicians and traditional media is slipping away fast.