Economic crisis and populism: when uncertainty strengthens radical parties

The authors of the study analyze the causes of these developments and take a special look at the economic reasons. While cultural and social factors also play a role, the focus here is on economic uncertainty.

Why economic uncertainty makes populists strong

The power of money

A key finding of the study is that economic conditions have a major influence on political attitudes. Low economic growth, high unemployment and growing inequality create fertile ground for radical parties. Support for extreme positions increases particularly in difficult economic times.

The fear of decline

Economic insecurity encompasses more than just financial difficulties. It includes the fear of job loss, falling income and an uncertain future. This uncertainty strongly influences political decisions and often leads to higher support for populist parties. In regions with high economic insecurity, trust in established political institutions is particularly low.

Globalization: curse or blessing?

Globalization has created winners and losers. Regions that are heavily affected by international competition often experience higher unemployment and lower wages. This leads to increased support for nationalist and protectionist parties that promise to protect the domestic economy. These parties use the population's dissatisfaction with economic conditions to spread their populist messages.