• Much of our prosperity in general and shareholder returns in particular depend on the global economic order of relatively free trade and capital flows.
• That order has been singled out as the source of stagnation by an increasingly populist movement.
• While there are indeed groups left behind from the disruption caused by trade, it is far from the only disruption in a capitalist system that is powered by creative destruction.
• What can be done to take the wind out of the sails of the populist and preserve the world economic order turns out to depend on the type of populism.

Source: Populism, Trade And The Markets | Seeking Alpha