In 2014, Francis Fukuyama wrote that American and global institutions were in a state of decay, as the state was captured by powerful interest groups. Two years later, his predictions were borne out by the rise to power of a series of political outsiders whose economic nationalism and authoritarian tendencies threatens to destabilise the entire international order. These populist nationalists seek direct charismatic connection to ‘the people’, who are usually defined in narrow identity terms that offer an irresistible call to an in-group and exclude large parts of the population as a whole.