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Right-wing populism and market-fundamentalism: Two mutually reinforcing threats to democracy in the 21st century

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  • Ötsch, Walter
  • Pühringer, Stephan

Abstract

The article compares market fundamentalism and right-wing populism on the basis of its core patterns of thinking and reasoning. Based on an analysis of important texts in both fields we find many similarities of these two concepts in their "inner images". Thus, we develop a scheme of the similar dual social worlds of right-wing-populism and market fundamentalism and offer some recent examples of market fundamentalism and right-wing populism mutually reinforcing each other or serving as a gateway for each other. We then apply our scheme for the analysis of the recent political developments and its ideological roots in the US under Donald Trump.

Suggested Citation

  • Ötsch, Walter & Pühringer, Stephan, 2017. "Right-wing populism and market-fundamentalism: Two mutually reinforcing threats to democracy in the 21st century," Working Paper Serie des Instituts für Ökonomie Ök-26, Hochschule für Gesellschaftsgestaltung (HfGG), Institut für Ökonomie.
    • Handle: RePEc:zbw:cuswps:oek26
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    References listed on IDEAS

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    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Right-wing populism; market-fundamentalism; inner images; Donald Trump; patterns of thinking;
    All these keywords.

    JEL classification:

    • A12 - General Economics and Teaching - - General Economics - - - Relation of Economics to Other Disciplines
    • A14 - General Economics and Teaching - - General Economics - - - Sociology of Economics
    • B25 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Historical; Institutional; Evolutionary; Austrian; Stockholm School
    • P16 - Political Economy and Comparative Economic Systems - - Capitalist Economies - - - Capitalist Institutions; Welfare State
    • N42 - Economic History - - Government, War, Law, International Relations, and Regulation - - - U.S.; Canada: 1913-
    • N44 - Economic History - - Government, War, Law, International Relations, and Regulation - - - Europe: 1913-
    • P16 - Political Economy and Comparative Economic Systems - - Capitalist Economies - - - Capitalist Institutions; Welfare State

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