Business leaders must now confront a mammoth trend that’s just as significant for them as the quickening march of technology. It’s the global turn away from socialism in its many forms, away even from classical liberalism, and toward populism. The trend gained momentum over the weekend and could now become one of those epochal turning points, analogous to what happened when John Paul II became pope in 1978, Margaret Thatcher became Britain’s prime minister in 1979, and Ronald Reagan was elected president in 1980, together setting the world in a new direction.
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