Populism
Economic grievance

The economic grievance thesis argues that economic factors, such as deindustrialisation, economic liberalisation, and deregulation, are causing the formation of a 'left-behind' precariat with low job security, high inequality, and wage stagnation, who then support populism. Some theories only focus on the effect of economic crises, or inequality. Another objection for economic reasons is due to the globalization that is taking place in the world today. In addition to criticism of the widening inequality caused by the elite, the widening inequality among the general public caused by the influx of immigrants and other factors due to globalization is also a target of populist criticism.

The evidence of increasing economic disparity and volatility of family incomes is clear, particularly in the United States, as shown by the work of Thomas Piketty and others. Commentators such as Martin Wolf emphasize the importance of economics. They warn that such trends increase resentment and make people susceptible to populist rhetoric. Evidence for this is mixed. At the macro level, political scientists report that xenophobia, anti-immigrant ideas, and resentment towards out-groups tend to be higher during difficult economic times. Economic crises have been associated with gains by far-right political parties. However, there is little evidence at the micro- or individual level to link individual economic grievances and populist support. Populist politicians tend to put pressure on central bank independence.
detectable_format:json_format, startend:end_checker