India, Nov. 6 -- The global political Left (sometimes defined as such in juxtaposition with Rightist outfits rather than any explicit endorsement of Left-wing ideology, economic theory, or politics) has had a good year so far - in Hungary, in Brazil, in Serbia, and, now, in the US.

Right-wing populism, which rose like a wave after the 2007-08 financial crisis across Europe, the US, and Latin America, finds itself in a tough spot this year, thanks to bad economics and policy, high inflation, poor job growth, and rising dissatisfaction amongst the youth disrupting the centralised command of the incumbent Right authoritarians across the globe.

Supply-side economic policies that weakened unions, made workers worse off, and increased inequal...