Right-wing populist Geert Wilders won a “historic victory” for his Freedom party in last week’s Dutch elections, says Senay Boztas in The Spectator. The “shock” result saw his PVV party top the poll, with a quarter of the vote, more than doubling its representation in Parliament. Wilders declared that the antiimmigration PVV can now “no longer be ignored” and is set to govern. There had been widespread mistrust of the government following a series of scandals under former prime minister Mark Rutte, and anger over immigration, both of which prepared the ground for Wilders’ anti-establishment message.
Tremors across Europe
Wilders may be celebrating, but the election itself really just marks “the end of the beginning”, says Jon Henley in The Guardian. With the PVV still well short of a majority, we can expect “endless horse-trading” as it tries to build a viable coalition to govern. The mainstream right-wing parties who had previously ruled out working with the PVV now say that “the result must be respected”, but “whole swathes” of Wilders’ manifesto are unacceptable to potential coalition partners, or “simply illegal”. Promises include a referendum on leaving the EU and an end to the free movement of EU workers. Wilders has said he is prepared to put his anti-Islam programme “on ice”, but experts say he will “need to go much further” than that.
MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Similar forces are at work in the US as huge numbers of asylum seekers cross the southern border, which might well tip “the political balance… to the populist right” there too, says William Galston in The Wall Street Journal. The perceived failure of Joe Biden’s administration to respond to this effectively has created “new fiscal and social pressures across the country” and has divided even his own party. With Republicans “more trusted than Democrats to deal with border security by margins of 20 percentage points or more”, Biden needs to change course if he is to have a chance of being re-elected.
This article was first published in MoneyWeek's magazine. Enjoy exclusive early access to news, opinion and analysis from our team of financial experts with a MoneyWeek subscription.
Related articles
- Betting on US politics – who'll be the next US President?
- Pedro Castillo: leftist outsider who rode to power in Peru
- Rishi Sunak: the maharaja of the Yorkshire Dales
-
Reeves warned against property tax shake-up – 3 ways it could backfire on first-time buyersRachel Reeves reportedly has her eye on high-end property taxes in the upcoming Budget, but there are concerns a shake-up could unintentionally hamper those trying to get on the housing ladder
-
Average Brits want to retire five years before they can – who has the widest retirement gap?Brits are expecting to work for longer than ever but there are big disparities in the number of extra working years predicted. A small tweak could help close the gap
-
Global investors have overlooked the top innovators in emerging marketsOpinion Carlos Hardenberg, portfolio manager, Mobius Investment Trust, highlights three emerging market stocks where he’d put his money
-
Investors should cheer the coming nuclear summerThe US and UK have agreed a groundbreaking deal on nuclear power, and the sector is seeing a surge in interest from around the world. Here's how you can profit
-
Healthcare stocks look cheap, but tread carefullyShares in healthcare companies could get a shot in the arm if uncertainty over policy in the US wanes, but are they worth the risk?
-
The Palace of Westminster is falling downThe Palace of Westminster is in need of repair, but the bill is prohibitive, says Simon Wilson
-
'Gen Z is facing an AI jobs bloodbath'Opinion It has always been tough to get your first job, but this year, it's proving tougher than ever. AI is to blame, says Matthew Lynn
-
Should the Online Safety Act survive?The Online Safety Act, a measure to safeguard children, is having unintended consequences
-
The secret behind Sweden’s successOpinion Sweden's stock market is in rude health, says Max King. Why can't Britain follow suit?
-
Prabowo Subianto: Indonesia’s Deng XiaopingPrabowo Subianto, like his Chinese hero, is taking power in his 70s with big ambitions for his country. Yet many view his return to politics with dread
