When there is a larger influx of people into Germany, more people vote for extreme parties. So the claim goes. In reality, a different connection becomes much clearer on closer inspection: support for populists has risen sharply when inflation is high.
Since the collapse of market-liberal dogma nearly 20 years ago, innovative thinkers have been searching for more appropriate answers to the problems of our time. In the meantime, a consensus on goals and principles has grown—despite the defensive struggles of resurgent market radicals and ordoliberal nostalgics.
The drama of looming electoral victories by populists and authoritarians stands in alarming contrast to the carelessness with which people here speculate about the causes. Time for an empirically grounded reality check on what really drives people’s discontent—and what can remedy it. An agenda for the time ahead.