Saying that a country has a populist (or socialist) regime is another way of saying that it is poor and undemocratic

This post is a sort of sequel to the following two:

• Saying that a country is socialist is another way of saying that it is poor
• Saying that a country is socialist is another way of saying that it is not a democracy, probably.

Populism is on the rise, especially the right-wing one

Modern right-wing populism is as bad for the economy as left-wing populism

«Populism at the country level is at an all-time high, with more than 25% of nations currently governed by populists. How do economies perform under populist leaders? We build a new longrun cross-country database to study the macroeconomic history of populism. We identify 51 populist presidents and prime ministers from 1900 to 2020 and show that the economic cost of populism is high. After 15 years, GDP per capita is 10% lower compared to a plausible nonpopulist counterfactual. Economic disintegration, decreasing macroeconomic stability, and the erosion of institutions typically go hand in hand with populist rule.»

Manuel Funke, Moritz Schularick, Christoph Trebesch. Populist Leaders and the Economy. 2022. (hal-03881225)