Stephen Kinsella: When losers from globalisation outnumber the winners, expect changes

Exit polls from last week’s US elections show the divide clearly

13th November, 2016
Populism is on the rise across the world

We live in a world characterised by the wholesale rejection of elites. Exercising the power given them as citizens, voters are striking back at the systems which they see as rewarding insiders and punishing outsiders.

The median is the object in the exact middle of a distribution. For example, in the list of numbers from 1 to 9, the median is 5. The median is a better measure than the average for our purposes.

The median-income household across...

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