The “yellow vest” or gilets jaunes movement in France started in response to a proposed fuel tax, now suspended, and has widened into a general protest over living costs, government tax reforms and calls for greater social and economic justice. Photo: AFP The “yellow vest” or gilets jaunes movement in France started in response to a proposed fuel tax, now suspended, and has widened into a general protest over living costs, government tax reforms and calls for greater social and economic justice. Photo: AFP
The “yellow vest” or gilets jaunes movement in France started in response to a proposed fuel tax, now suspended, and has widened into a general protest over living costs, government tax reforms and calls for greater social and economic justice. Photo: AFP
Andrew Sheng
Opinion

Opinion

Andrew Sheng

Now in the grip of populist identity politics, we need more than economic solutions

  • From the ‘yellow vest’ protests in France to the anti-extradition demonstrations in Hong Kong, race and identity lie at the heart of the recent wave of populism. Such is the outcome when economic inequlaities aren’t tackled early enough

The “yellow vest” or gilets jaunes movement in France started in response to a proposed fuel tax, now suspended, and has widened into a general protest over living costs, government tax reforms and calls for greater social and economic justice. Photo: AFP The “yellow vest” or gilets jaunes movement in France started in response to a proposed fuel tax, now suspended, and has widened into a general protest over living costs, government tax reforms and calls for greater social and economic justice. Photo: AFP
The “yellow vest” or gilets jaunes movement in France started in response to a proposed fuel tax, now suspended, and has widened into a general protest over living costs, government tax reforms and calls for greater social and economic justice. Photo: AFP
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Andrew Sheng

Andrew Sheng

Andrew Sheng is a former central banker and financial regulator, currently distinguished fellow at the Asia Global Institute, University of Hong Kong. He writes widely on Asian perspectives on global issues, with columns in Project Syndicate, Asia News Network and Caijing/Caixin magazines. His latest book is “Shadow Banking in China”, co-authored with Ng Chow Soon, published by Wiley.