Title: The return of populism | The Economist
Headings: The return of populism
Latin America
The return of populism
Give me a balcony
More Mussolini than Marx
Sources:

Content: AP
...and Humala hopes to follow
Populism is full of contradictions. It is above all anti-elitist, but creates new elites. It claims to favour ordinary people against oligarchs. But as Messrs Dornbusch and Edwards pointed out, “at the end of every populist experiment real wages are lower than they were at the beginning.” Populism brought mass politics to Latin America, but its relationship to democracy is ambivalent. Populists crusade against corruption, but often engender more. In the 1960s, populism seemed to fade away in Latin America, squeezed by Marxism, Christian democracy and military dictatorship. Its current revival shows that it is deeply rooted in the region's political culture. But it also involves some new elements. The new crop of populist leaders rely partly on the politics of ethnic identity: