WSJ14 Dec 2024 17:39
Leaders of Rich Nations Are Deeply Unpopular. That Spells Trouble Ahead.
https://www.wsj.com/world/low-approval-voter-anger-wealthy-countries-ed5c23ed
Good article; there 2 paragraphs stood out:
'Voters in industrialized nations are anxious and angry after years of uncertainty caused by the pandemic, war in Europe, high inflation, stagnant real wages and surging immigration. Leaders are struggling to respond, constrained by tepid economic growth, higher borrowing costs and ballooning deficits that mean they are increasingly offering voters tough choices and trade-offs.
It’s a message many voters don’t want to hear, setting the stage for an era of increasingly fractious politics as parties squabble over how to share an economic pie that, with the notable exception of the U.S., isn’t growing. In European countries, it also threatens a kind of political doom loop, where unpopular leaders, often trying to hold together disparate coalition governments, struggle to pass meaningful legislation, preventing them from solving the problems voters elected them to fix in the first place.'