A provocative take on populism

Book review: National PopulismEatwell and Goodwin's take on populism is a little repetitive at times, but it makes some good points and is well worth a read.

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Even in its natural home in Europe and America, liberal democracy has become dominated bya technocratic elite that is increasingly detached from public opinion. While this may have worked well when everyone sharedin the spoils, say Roger Eatwell and Matthew Goodwin, this is no longer the case. The result has been what they call the "four Ds" distrust (of elites and institutions), destruction(of old ways of life thanks to mass immigration), deprivation (rising inequality) and dealignment (fraying of old party alliances).

The national populism that has resulted is distinct from the traditional far-right, they argue. Fascism sought to replace democracy with rule by a strongman; populism seeks to return power to the people.It seeks to appeal to common national values, rather than any particular ethnic group or religion.

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The book is a little repetitive at times, but it makes some good points, especially when it comes to issues such as European integration, which has gone beyond what even many pro-Europeans are comfortable with. However, the authors spend little time talking about issues such as income inequality, and it is doubtful whether the Swiss-style direct democracy they favour would ever be viable.A provocative book, well worth reading.

Dr Matthew Partridge
Shares editor, MoneyWeek

Matthew graduated from the University of Durham in 2004; he then gained an MSc, followed by a PhD at the London School of Economics.

He has previously written for a wide range of publications, including the Guardian and the Economist, and also helped to run a newsletter on terrorism. He has spent time at Lehman Brothers, Citigroup and the consultancy Lombard Street Research.

Matthew is the author of Superinvestors: Lessons from the greatest investors in history, published by Harriman House, which has been translated into several languages. His second book, Investing Explained: The Accessible Guide to Building an Investment Portfolio, is published by Kogan Page.

As senior writer, he writes the shares and politics & economics pages, as well as weekly Blowing It and Great Frauds in History columns He also writes a fortnightly reviews page and trading tips, as well as regular cover stories and multi-page investment focus features.

Follow Matthew on Twitter: @DrMatthewPartri