of the october, 7th, tentative tax. you're watching the, the news coming up next off of the break as europe goes to the polls we ask, does the economy mount to the far right? that's on business beyond. in just a moment, i'm british manager. and believe you're back again here in about 45 minutes with you, then bye. the pricing strategy issues with a lot say what the 2024 is the biggest election year in global history. and many of the several

1000000000 voters costing ballots. throwing their support behind the so called fire rice. the fire right has gain ground in many parts of the world, particularly in europe. across the continent, far right parties have a significant foothold in many national parliaments. and some are already in power . for what role and his economics played and driving their popularity, they've been very successful. successful. and in recruiting votes from voters with low economic prospects in jobs and sectors generally decline. does economic matter, of course, what it really does, particularly for those who is a q, is it drives a lot of the salience of these, with our sample responses to the parties themselves, say about the economy. you watch what happens if i, when we're going to bring those miners back, you're going to be so proud of. you have presidents, you're going to be so proud of your country in the sense that they call them me,

spell them basically an extension of the culture war. how do business leaders feel about the prospect of governments led by the far right. it's a party like young b says we need to get out of the european union. we're against european union. this is very harmful to my business answers to these questions on more on business beyond we hear the term far, right. a lot know it is. you're going to hear a lot in this episode, but what does it actually mean? and is it the right term to use in the you political parties affiliated to a group in the european parliament called identity and democracy routine. the labels as far rice, some of the themes which bind them nationalism strong, anti immigration sentiment, neuro skepticism. so we're talking about party such as friends as national riley, the netherlands party for freedom, along with several others across the u. many designated police prime minister,

georgia maloney and hunger east prime minister victor oregon as far right. it's also used for germany's f d. donald trump and the mac, a movement of the us and a times even with the conservative party in the u. k. what some experts say the term fire rise doesn't work anymore. one is the political scientist pippin iris from harvard university actually to so just basically because i just think it's way up to us. it's an old fashion term because europeans used to think of everything and that's wrapped up us into the for a transmission. and that makes some sense when you had a concept to consider. democrats and you had social democrats and social responses . nowadays, it's more complicated. she thinks plastic left right, divides over the economy, a gradually being superseded by a split over cultural issues. and it's a wide range of issues or issues. like, for example, abortion with the doctor's rights of the t rex nations or business customer pulls

into some human rights. thus there's a sense of a strong state. it helps explain why you're probably more likely to hear politicians like donald trump or victor, oregon. the crying, the so called woke agenda. then discussing economic policy. don't people gain tools about populism, physically they to him, but really it's about the values about the moral issues and the social issues which to box sante. i'm positive goals, i think who's getting aggression in europe, but many other issues going on that. but i think nowadays, the idea that there's a simple, you know, dimensional left right spectrum is more misleading and confused, is more than actually helps us to understand why these parties appealed to a wide variety of different places. but when these parties do speak about the economy, what did they say? they obviously don't all speak with one voice and they have their own domestic agendas. but there are some areas where the tend to agree on one, is a strong opposition to globalization. during his successful 2016 us presidential

election campaign, donald trump topped into a parent voter frustration around a globalized economy. our politicians have aggressively pursued a policy of globalization, moving our jobs, our wealth, and our factories to mexico and the overseas. globalization is made the financial lead, who donate to politicians very, very wealthy. i used to be one of them. others, such as francis marine le pen have used the word globalization as a catch all term to reflect many of what she sees of societies is. the political choice, so the french people will have to make this clear why most of my car is the good. he's actually on the view, but i is that you sent me an oil globalization and secure gal to, to so, so bridge kind of see the more of the 2nd. well, again, store the economic run side king of a large corporation and the nice play on

a fix as the backlash against globalization has now become quite mainstream boss. that the idea chimed strongly was an economic idea central the far right movements . national self sufficiency, the criticism, the wind creating makes, is linked to a more cultural idea of why don't we go back to the golden age, which has never existed of the nation state where they can pretend decide whatever they want to do from the south is not dependent on other companies, and that is obviously in english, that age has never really existed. and international trade always played an important role for any nation state. but being opposed to globalization goes well with another thread. common to far right movements, nostalgia for old industry, and a pledge to bring it back. there's a host of research showing all these voters so low and middle class where i can

gloss, have experienced stages, anxieties in the sense that they are in jobs. that come with the pressure from being das realization, from technological change from globalization. trump himself said he was going to stand for the coal mine, those virginia after the rust belt in michigan. and it does not send that to play with the space people own said, well, look, you probably comp store manufacturing industry, but at least fix for us. he speaks with concerns. another part of the empty globalization backlash among fire right movements is opposition to multilateralism . in europe, that typically means fierce opposition to the e. u. they used to be in agreement, for example, about your benefits would be in the open union. and there was probably there's a question about that, the items you'd have free markets in the union. and you just have basically a variety of different standards as well that could be set and to be recognized within that. since the 2016 brags of both various far right parties in europe

afflicted with n t e u positions. although some notice a softening, since the turbulence of the u. k is exit, or not all firewood parties, if you do mind, for example, the end of the european union. don't tell me, let me, for instance, pass the depth to had a job for which and this trying to change. do you union comb with the and seems to be much more mainstream then what was expected? and i made a payment in funds also have stepped away like against then leave the west making payment, leaving the you picking it. but it sort of again for you, you can get, get one party who is on t e u position has not softened, much. is germany's alternative to you for deutschland or the f d. currently, the 2nd most popular party in the country going by opinion polls that party was founded in 2013, in response to the your as own crisis. understandably, it was fiercely your skeptic roots, which has held onto, was also developing

a broader nationalistic, anti immigration philosophy. they have still explicitly radicalized thing and have sort of not told down the language both towards the opinion. they have to extend regularly tests the prospect of a referendum on germany's a membership. it also wants the country to leave the your currency area. and those positions have in times the parties, popularity since july 2022 support for the f d. a nationwide opinion polls more than doubled to a high of 22 percent in january 2024. that's come down by a few points since the party is current to the 2nd most popular in germany. but the f d is beset by controversy. they are officially designated as a suspected extremist organization. this year there have been huge protests calling for them to be fund. one of the main reasons was

a secret meeting. the party was involved in last november with several right wing extremists among the rec. busy topics a plan for the mass, deportation of foreigners, and even german citizens with a foreign background. the controversies have given lead to the f. d. been ostracized by folders on the you are paying for rice that were recently kicked out of the your being part of into grouping for fire. right. parties to, to comments made by one of their leading candidates for that parliament, which appears to play down nazi war crimes. is becoming ever more why they collide with other 5 out of pocket 70. i've become and trying to become all mainstream and therefore to appeal triple bonuses. we asked the f d for an interview about their economic policies. and while the party did offer us the chance to speak one of their, i mean peas, they wanted to approve any answers we used for the interview. and we instead send a list of questions to the party press office, a spokesperson responded. we just don't feel comfortable talking to

d w. the party lists many of its key economic policies on its website. among their most prominent positions would use via t and don't increase taxes. overall, the german tech system and leave the euro is on. critics say their economic policies would not benefit their voters for right parties, a fast resistance for business elsewhere, put in the case of maloney, initially an oregon and hungry. they have also found ways to work with business. and business has found ways to work with them. so there is and then because relationship with business on the one hand business may well side with around the christ, when it comes to taxation on when it comes to welfare. if we look so hungry. what, what audubon did was to introduce a flat tax, but the league wants to introduce a flop tax, they cancel fiscal reasons, maloney wants to lower taxes and low and also minimum income scheme. um,

in the interest of business. yes, internationally oriented companies are always likely to have a problem with far right. movements as they have to are finding out they see long, easy about the rise to ride the quite in the sense that what these parties do and, and, and trump these prob, sticking sampling disregard is to disrupt free trade by stimulating a turn towards economic protectionism. and economic nationalism, which is all the interests of export oriented companies. the rise of the far right in europe has raised the spectra of the 19 twenties and 19 thirties and economic crises such as unemployment, hyperinflation have bringing factors through. but there are 2 key differences between the economies of the 19 twenties and the 2020s, employment and welfare. while the placement is still high, surprising the have why the a labor problem in europe?

so unemployment is very low. and, and companies, uh, we do use searching for a thoughtful felipe. so that's a big difference here. and the ethics i'm but the difference to that is totally computing it is the sort of social wealth and structures in here, a very strong and there was a big on damage support package that tried to make sure both of companies but ultimately depend on a citizen to try to make sure to prevent exactly this sort of sliding down into unemployment. sliding down into cannot be clients of and then to buy that to let's ation. however, if an economic crisis were to emerge, the threatened employment of the capacity of states to provide welfare far right parties are well place to capitalize. that's obviously a nice man that is haunting new positions today and they can only cries and so even in the comic downtime, not as big. i think not because of the 29 could repeated so it could lead to devise

. so i'm going to in parties to up for now far, right parties in europe and elsewhere, a thriving on issues away from the economy. and when you look at um, the victory. yes, many of the economic issues are a positive that teams that they not really the mainstream theme. in many, many cases, it's the calculations which is where they have separate. and by the way, they have issue ownership, where they really manage to stare operations and still not that, that they support, which becomes all assume that it was these concepts. there's a famous phrase attributed to the american political strategist, james carville, the economy, stupid. which means that it's the economy which matters most of orders even when that's not all, was readily apparent on the rise of the far right. suggest us. it's the culture of stupid, maybe a more appropriate political aphorism for our present age, of discord in division. not that the economy will ever be too far away either.

thanks for watching until the next time. take care the this week around 370000000 people in the 27 countries of the you will be voting in the european solomon's elections. and the run up plenty of speculation, but the far right might increase its tale of seats and exec a great influence on how the use spends its money. what low as it passes, and what foreign agreements subsides service takes a high. and there's complex home found in brussels. there's been plenty of nervous tension among keep politicians. we talk to 2 of them. manfred vapor leader is the largest political grouping center right here, fee, and people's policy about his predictions. his worries on the death of credible

leadership in europe because there are euro back.