Multiple root problems lie behind Italy’s economic woes – FT

Great synopsis of Italy’s economic and political woes by the FT.

The country’s lagging GDP per capita is all you need to know to understand the cause of the political conflict and rise of left-right Italian populism.

We were surprised by the chart on Italy’s undereducated youth (second chart), which is another  explanation why populism has taken root in Italy.

Trumpism, America’s form populism, gets it oxygen from the non-college educated, mainly,   non-college rural white males.  Not a good metric for the future of the Republican Party as this demographic in on the extinction list as the other demographics are growing in relative terms.  You saw the results in the midterm.