Rising Populism In Financialization Process In The USA
Journal: JOMELIPS - Journal of Management Economics Literature Islamic and Political Sciences (Vol.2, No. 2)Publication Date: 2017-12-31
Authors : Kaan Yiğenoğlu;
Page : 106-116
Keywords : Financialization; Inequality; Populism; Globalization; International Economy;
Abstract
In this study, rising populism and its causes are discussed. The most important reason for rising populism is inequality. Especially after 1980, as a result of the neoliberal policies, inequalities between the countries and within the country seem to increase considerably. Neoliberal policies have reduced the economic power of the middle class. The most important source of increasing inequalities is financialization. With the financing process, the middle classes gradually began to melt while capital owners earned more. This has shown that the financial process is a process that is against the general public. What lies behind today's populism is the socio-economic problems caused by this financial process. In this study, it is tried to establish the connection between the financial process and rising populism of income and wealth inequalities over the USA sample.
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