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Populism and (Neo) Liberalism: The Polanyian Perspective Seen from Latin America

Wesley C. Marshall and Eugenia Correa

International Journal of Political Economy, 2020, vol. 49, issue 2, 124-138

Abstract: This article applies a Polanyian framework to the rise of populism in the countries of the North Atlantic and the fall of the Pink Tide governments in Latin America. By taking a global vantage point from the perspective of Latin America, we argue that haute finance has served as the fulcrum of a single political movement that has washed out governments serving the general will in the South, and washed in governments that do not in the North. As we argue, a Polanyian framework offers clarity in the muddled understanding of populism, and the recent experiences of Latin America offer greater insight into the second global neoliberal wave.

Date: 2020
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DOI: 10.1080/08911916.2020.1778862

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Handle: RePEc:mes:ijpoec:v:49:y:2020:i:2:p:124-138