Sunday, October 06, 2019

Resentment epidemic in the west

The West Has a Resentment Epidemic “What has changed in the last generation, however, is the level of economic and wealth inequality between regions of Western countries. As Joan Rosés and Nikolaus Wolf have shown, regional divergence began in the 1980s with globalization and deindustrialization, and it has deepened in recent years.
If we are to understand the depth of populist anger, we must look to the economics of regional resentment. In the United Kingdom, for example, a person’s position on leaving or remaining in the EU in the 2016 referendum was linked to the geography of the nation’s housing market, with research showing that property prices are one of the best predictors of whether voters supported or opposed Britain’s vote to leave the EU, even at the ward level (the smallest electoral unit, of around 5,000 to 6,000 voters).”
How does this apply to India?

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