Stephen Mihm is co-author, with Nouriel Roubini, of Crisis Economics: A Crash Course in the Future of Finance.
For months, the world has looked on as Turkish President Recep Tayyip Erdoğan attempted to reverse the outcome of the city's municipal election. But now that Erdoğan's party has been defeated once again, his fundamental weakness has been exposed – as has that of populist authoritarians everywhere.
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