Western populism is an ‘illiberal democratic response to undemocratic liberalism’.51 The British and American people supposedly reclaimed their sovereignty in 2016. I call it the Reaction. It is pretty clear which direction the Western elites are bending. Davos is no fan club for more democracy. Having hived off many areas that were once under democratic control (such as monetary policy and trade and investment), post-2016 Western elites now fear they have not gone far enough.
