Populism as a modern political and economic phenomenon

Abstract

The article provides the analysis of populism in its political and economic dimensions. The authors consider the problems of the authoritarian revenge in the modern world arguing that it is the consequence of democracy`s inability to solve urgent social and economic problems. Millions of people in post-Soviet countries are disappointed with the reality of the democratic society and market economy that causes the rise of populism. There are various approaches to studying populism. Among them we can distinguish ideological, logical, behavioural and instrumental interpretations of populism.