4 min read.Updated: 12 Jan 2018, 04:13 AM ISTDani Rodrik
Economic populism, by contrast, is occasionally necessary. Indeed, at such times, it may be the only way to forestall its much more dangerous political cousin
Populists abhor restraints on the political executive. Since they claim to represent “the people" writ large, they regard limits on their exercise of power as necessarily undermining the popular will. Such constraints can only serve the “enemies of the people"—minorities and foreigners (for right-wing populists) or financial elites (in the case of left-wing populists).