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  • Author: Sebastian Edwards
  • Publication Date: 10-2019
  • Content Type: Journal Article
  • Journal: The Cato Journal
  • Institution: The Cato Institute
  • Abstract: dea has emerged in economic policy circles in the United States: “Modern Monetary Theory” (MMT). The central tenet of this view is that it is possible to use expansive monetary policy—money creation by the central bank (i.e., the Federal Reserve)—to finance large fiscal deficits, and create a “jobs guarantee” program that will ensure full employment and good jobs for everyone. This view is related to Abba Lerner’s (1943) “functional finance” idea, and has become very popular in progressive spheres. According to MMT supporters, this policy would not result in crowding out of private investment, nor would it generate a public debt crisis or inflation outbursts.
  • Topic: Debt, Monetary Policy, Populism, Banks, Economic Policy, Inflation
  • Political Geography: Latin America
  • Author: Emily E. Fox, Richard Aidoo, Marten Brienen, Carlos de la Torre, Alexander B. Makulilo, Joel Martinez
  • Publication Date: 04-2017
  • Content Type: Journal Article
  • Journal: The Journal of Diplomacy and International Relations
  • Institution: School of Diplomacy and International Relations, Seton Hall University
  • Abstract: For the Journal’s 19th issue, we explore modern populism across the world. Richard Aidoo looks at the landscape of anti-Chinese populism in the context of Africa’s resource scramble, while Alexander B. Makulilo takes an in depth look at the siren song of populism in Tanzania. Marten Brienen and Carlos de la Torre hone in on populism in Latin America, exploring its early 21st Century evolution and its relationship with democracy respectively. Additionally, the Journal is proud to publish an interview with Ron Boquier and Raul Castillo, both of whom are active supporters of human rights in Venezuela, a county was a harbinger of recent global populist sentiment. Outgoing editor Joel Martinez speaks with Boquier and Castillo on the roles of the United Nations and United States in helping to advance democratic reform in the country.
  • Topic: International Relations, Human Rights, Politics, Natural Resources, Law, Democracy, Populism, Multilateralism, Capital Flows
  • Political Geography: Africa, China, Asia, Latin America, Tanzania
  • Author: Marten Brienen
  • Publication Date: 04-2017
  • Content Type: Journal Article
  • Journal: The Journal of Diplomacy and International Relations
  • Institution: School of Diplomacy and International Relations, Seton Hall University
  • Abstract: Latin America seems out of step with the world, as it appears to be currently emerging from a cycle of populist rule commonly referred to as the Pink Tide, which began with the inauguration of Venezuela’s Hugo Chávez in 1999. While observers have been declaring the end of the Pink Tide for a few years now, the reality is that the movement is not quite dead yet: Nicolás Maduro remains in power, as does Evo Morales – who appears not quite ready to throw in the towel. While Rafael Correa has stepped aside in perfectly democratic fashion, his successor, Lenín Moreno, is very much a believer in what has been termed “twenty-first century socialism.” In this article, I will focus on the more outspoken of the members of the Pink Tide, and suggest that within the resurgence of the left in Latin America there is a distinct subset of populists who have married resource nationalism to populism to produce something altogether separate from the rest of the members of the Pink Tide.
  • Topic: Economics, Politics, Natural Resources, Populism
  • Political Geography: South America, Latin America
  • Author: Carlos de la Torre
  • Publication Date: 04-2017
  • Content Type: Journal Article
  • Journal: The Journal of Diplomacy and International Relations
  • Institution: School of Diplomacy and International Relations, Seton Hall University
  • Abstract: The article first analyzes different interpretations of the relationships between populism, democracy, and authoritarianism during classical populism in the 1930s to 1970s, neoliberal populism of the 1990s, and left-wing radical populism of the late 1990s to present. The second section explores the internal contradictions of the logic of populism that combines the democratic precept of using elections as the only legitimate tool to get to power, with autocratic practices to undermine pluralism and to transform a leader into the embodiment of the will of the people. The last section draws lessons from Latin America to global debates on populism and democratization.
  • Topic: Democratization, Politics, History, Authoritarianism, Democracy, Populism
  • Political Geography: South America, Latin America