Canadian Chamber of Commerce Presents: Five minutes for business (February 2016)

· by Huzaifa Saeed

In the first edition of  February’s 5 Minutes for Business, Hendrik Brakel, the Canadian Chamber of Commerce Senior Director, Economic, Financial and Tax Policy, looks at why populism is on the rise all over the world.

In the U.S., Donald Trump is leading all the polls nationwide in the Republican primaries, and in the Democratic Party, support is surging for a 74-year-old self-avowed socialist, Bernie Sanders, who wants a “political revolution.” In the U.K., the British Labour Party has nominated Jeremy Corbyn, who wants to nationalize energy companies and the banks while introducing a maximum wage for CEOs. Where are these extremists coming from? Why are they rising all over the world?

Could this complete, utter rejection of the establishment and the status quo have economic roots? Are people angry enough with the state of the economy that they could be seeking out change at any cost?

Read 5 Minutes for Business: February 2016, Why Populism Is All the Rage to find out.