Globalization is a reality. And this makes most leaders today realize that populist illusions can’t be sustained before they collapse into stagnation and leave their political supporters deeply disillusioned. You can’t inflate away your troubles or allow mountains of debt to build up if, as a country, you have to make your living in a globally competitive environment… Building prosperity requires caution and patience. It requires time. Populism is a short cut that doesn’t work.
