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  • «Economy of populism» (A sight from the right side – on the left wing)

«Economy of populism» (A sight from the right side – on the left wing)

TERRA ECONOMICUS, , Vol. 12 (no. 4),
p. 6-14

Economic crises not only compel to change monetary and structural anti-crisis technology, but as well give rise to special economic policy design, viewing the social-oriented strategy as the priority. The author reflects on the issues related to feasibility of Russian anti-crisis economic policy turning towards economic populism. The conclusion is made on the catastrophic consequences if such a turn occurs. The ideological nature of economic populism is revealed in the article, its historical origins are traced. Relations between the economic populism and hypertrophy of protectionist policies are detected by the author; anti-market, as well as budget-redistributive, orientation of the «economy of populism» are displayed. The article shows that the main arena where liberalism and populism are striving is the sphere of economy, including the principles of economy’s social organization. During the crisis period, as the author puts it, the Russian populism is an economy’s particularly dangerous enemy, given Communist ideology had been meeting the aspirations of the broad masses of lumpens towards rude equalizing for decades. If unfavorable events occur, the country can face all the consequences of panic-stricken populism, including its extreme forms that are well-known in human History.

Keywords: economic populism; anti-crisis economic policy; populism as an economy’s reaction on recessive tendency

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Publisher: Southern Federal University
Founder: Southern Federal University
ISSN: 2073-6606