Issues that support populism are importing goods that are locally grown, over paying and under taxing the rich, and over taxing and under paying the poor.
There isn't a definitive end to populism, as it is a political style that continues to resurface. Populism can wane when economic conditions stabilize, social issues change, or charismatic leaders lose influence. External events and shifts in public opinion can also impact the popularity of populist movements.
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The significance of the populism is to appeal to the interest and conceptions of the general people. Populism was a term that was used against politicians opponents.
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According to conventional wisdom populism has a strong appeal to farmers, peasants and the lower middle classes.
Populism takes different forms in different times and places. In the current political situation, populists in the US seem to be very much in favor of free enterprise and opposed to government ownership of anything. In Venezuela, populism has favored government ownership and has been hostile to free enterprise.
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