Word: populists
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Dates: during 2000-2009
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Many thought a silver lining of last year’s financial crisis—or from the populist rage that flared against Wall Street excess and profits from leverage, not creativity—would be that earnings differentials would return from obscene to merely enormous levels, if not to the very generous multiples that had long been adequate to fuel a vibrant economy. Well, the hyper-bonuses are back—astonishingly having been made even easier to achieve with taxpayers socializing the downside risks. And the crisis? What crisis...
...Tremonti, Silvio Berlusconi's top economic-policy aide since the media mogul first entered politics promising Thatcherite reforms, has been accused by his critics of adopting a populist strain similar to Sarkozy's. He shocked the Italian establishment with a vigorous Oct. 19 defense of the job for life, which many in the center-left opposition don't even stand up for anymore. "Mobility in itself isn't a value," he told a Milan conference. "The lifetime job is the base on which to build a life and a family. For me, the fundamental objective is stability of work, which...
...once considered an ally. "We can't turn back. There are reforms that have begun, which must still be completed," says Andrea Moltrasio, head of European affairs at Confindustria, the Italian employers' association. "No longer is Europe divided into the politics of left and right, but between populist and reformist. What we need most of all is realism." Begg agrees and warns against the risk of pursuing bad policy for short-term electoral advantages. But, he adds, "the huge ideological disputes of the '70s and '80s are simply not on the agenda. Mitterand vs. Thatcher, talk of renationanlizing industry - that...
...have gotten this far, you have already made it as a new media populist. Grayson now gets invited on HBO's Real Time with Bill Maher. Bachmann is bombarded with booking requests, which she grants with some regularity. "Frankly, Congresswoman Bachmann is in Congress to serve the people, not the media," says her spokeswoman, Debbee Keller. But Bachmann hardly lets that stop...
...professional wrestling and said in a recent TV interview, "The media encourages some of the outliers in behavior because, let's face it, the easiest way to get on television right now is to be really rude." But Obama plays the game too: his online fundraising pitches read like populist fairy tales, with the big insurance industry playing the wicked witch of K Street. And at a fundraiser in Miami on Oct. 26, the President called Grayson an "outstanding member of Congress...