France's far-right National Front president Marine Le Pen, delivers her speech during the summer meeting. (Image credit: AP Photo/Claude Paris)

Brexit and Trump are just the start — populism will strike Europe next

Populism is now the most important force in global politics and is likely to hit Europe next.

Donald Trump's surprise victory in the US presidential election has consolidated the global anti-establishment mood sparked by Brexit earlier in year, according to financial and political analysts.

Australian investment bank Macquarie sums it up most succinctly in its note sent to clients on Wednesday, titled simply: "Dawn of a new age. Populism rules. Status quo – R.I.P."

With wages and economic growth mostly stagnant since the global financial crisis, people around the world are increasingly unwilling to listen to experts and establishment figures who say they have a solution and are turning to radical, often unknown, alternatives. Voices on both the left and right are finding success, often simply by listening to...Read more...