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Re:UK votes to leave EU by elthran on Friday June 24, 2016 @12:08AM (#11966284)
For me, the downside of populism is that the political insiders and wealthy elite just so happen to be the people who actually understand how economies and governments and international agreements work.

The common man may think he knows everything, but he really doesn't.

Re:UK votes to leave EU by badloginagain on Friday June 24, 2016 @12:30AM (#11966456)
That and the populist vote doesn't vote rationally. They vote emotionally. This puts you in a state where charismatic leaders will appeal to and exploit emotional triggers in people.

Historical evidence suggests that such leaders tend to move towards to political extremes.

Re:UK votes to leave EU by Clubber on Friday June 24, 2016 @12:22AM (#11966391)
Agreed, but whether or not they manipulate the economy to the benefit of the citizens is another story.
Re:UK votes to leave EU by mhuffman on Friday June 24, 2016 @04:00AM (#11967686)
Right, they have no incentive other than to make themselves better off. And it shows[1].

[1] http://journals.cambridge.org/download.php?file=%2FPPS%2FPPS...