Macron victory not the end of populist wave

The European establishment is celebrating the victory of Emmanuel Macron in the French presidential election. The developing narrative to explain his win is that the European voter has rejected the nationalist populism of Marine Le Pen and come back to support more traditional, establishment policitians and policies.

But as Richard Fernandez points out, the elites are whistling past the graveyard. He writes of both the French election and the probable victory of a South Korean liberal, Moon Jae-in, in tomorrow’s presidential contest as evidence that the populist wave isn’t going away.