Populist movements have been on the rise for at least two decades, but anxiety about the phenomenon reached its high point a year ago. That should be no surprise. 2016 was the year in which populism went primetime: Over the course of a few disorienting months, the people of Britain voted to leave the European Union and the people of the United States made Donald Trump their president. Most commentators around the world assumed that 2017 would bring even more shocking news. The world as we knew it might be about to end. A year on, it is clear that such fears were exaggerated.

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