Have we seen the last of President Donald J. Trump? Credit: Jabin Botsford/The Washington Post via Getty

Donald Trump is leaving the White House, Dominic Cummings has left No 10 Downing Street and populists around the world are in decline. Cue the return of the debate that we have every year or so: is the party all over for populism?
“Does Trump’s defeat signal the start of populism’s decline?”, asks the New York Times. “A Biden win buries the populist decade,” states The Article. “Its best days may already be over”, suggests The Guardian. “After four years of President Trump, and four years of trying to get Brexit done”, writes Andy Beckett, “populism is entering a trickier political stage: middle age”.
Populism has had a terrible year. The highs of 2016 feel like a very long time ago. Contrary to the old saying that you need a crisis to put anti-establishment revolts on steroids, this crisis seems to be throwing cold water over them.
Compare the polls before the pandemic erupted, in January, and how they look today. In Italy, Matteo Salvini’s League is down from 30 to 25%. In France, Marine Le Pen’s movement had a disappointing set of local elections earlier this year, losing around 40% of her local officials. In Germany, the Alternative for Germany is down from 14 to 9%, and the mainstream centre-Right and centre-Left that are up. In Brazil, public disapproval of Jair Bolsonaro’s presidency more than doubled during the height of the crisis. And here in the United Kingdom, for those who see Boris Johnson as part of the same anti-establishment wave (I do not), he has lost a 20-point lead in the polls in less than a year.
Then come the latest findings from the YouGov-Cambridge Globalism Project, a survey of about 26,000 people across 25 countries, which suggests that ‘populist tendencies’ among people in Europe are in decline. And to this we might add the coming shift in political debates more generally.
We might have a vaccine but we also have the largest pile of debt since the Second World War. Somebody still needs to pay for this crisis. And that means that debates over economics, things like taxation and redistribution, which underpin the traditional ‘Left versus Right’ spectrum, have by no means disappeared. The 2010s were dominated by debates over identity and culture but the 2020s may soon see a return to those classic debates over the economy, so the thinking goes. And that might help the Left.
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