Donald Trump and Boris Johnson have more disciplined successors.

With Trump out of the White House, Boris Johnson forced out of his leadership and Jair Bolsonaro likely to lose his re-election as president of Brazil; we are seeing the end of first-wave populism. But, as Janan Ganesh warns, there is one thing worse than incompetent populism: the oncoming wave of competent populism.

Jonathan Booth

The Financial Times is one of the world's leading global business publications. It will help you stay informed on relevant corporate, political and financial news worldwide.