WILLIAM GALSTON: The Populist Revolt Against Failure

Wall Street Journal – What erodes faith in the ruling class are bungled wars, uneven growth and insecurity.

The populist revolt against governing elites sweeping advanced democracies is the latest chapter in the oldest political story. Every society, regardless of its form of government, has a ruling class. The crucial question is whether elites rule in their own interest or for the common good.

In the decades after World War II, the ruling classes in Western Europe and the U.S. managed their economies and social policies in ways that…

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