How did we get here? From income stagnation to inequality and social dislocation: there are many culprits for the increase in populism across the developed world. But for economists Paul Collier and John Kay, there is a deeper cause: the rise of an extreme individualism at the expense of community, of which narcissistic politicians such as Donald Trump are simply the “apotheosis”.

In Greed Is Dead, a brief but dense polemic, Collier and Kay contend that this individualist ethos is “no longer intellectually tenable”. They have two broad targets in their sights.

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email or call 0860 52 52 00. Got a subscription voucher? Redeem it now