For more than a decade, the political weather across much of the democratic world seemed to blow in one direction. The nationalist, populist and authoritarian Right appeared to have found a formula that liberals and the Left could neither understand nor defeat. Donald Trump in the United States, Viktor Orbán in Hungary, Jair Bolsonaro in Brazil, Benjamin Netanyahu in Israel and a host of smaller imitators turned grievance into political capital. Immigration, national identity, globalisation, cultural liberalism, crime and the alleged arrogance of metropolitan elites became the raw materials of a new politics.
The old establishment looked exhausted. Liberal parties spoke the language of institutions while voters spoke the language of anxiety. The traditional Left seemed trapped between economic redistribution and ever more intricate questions of identity. Into the vacuum marched the new Right, carrying national flags, promising strong leadership and explaining every social problem through a conveniently available villain: immigrants, minorities, globalists, intellectuals, judges, journalists or the amorphous monster called "the elite".
But politics has an inconvenient habit of rediscovering what it has recently discarded. Between April and November 2026, voters in Hungary, Brazil, Serbia, Israel and the United States delivered setbacks to the populist Right in quick succession. The pattern suggests an ancient truth: it is far easier to campaign against a broken system than to govern one.
The American verdict
The American midterms of 3 November were the most dramatic instance. ABC News projected that Democrats would take both the Senate and the House. This was no ordinary midterm correction. Democrats flipped Senate seats in Texas, South Carolina and North Carolina, and in the House they flipped more than two dozen districts, some that Trump had carried by double digits in 2024. The campaign was fought largely on inflation, fuel and food prices, housing costs, healthcare, tariffs and the economic fallout of the conflict with Iran. The president himself conceded as much, saying that part of the result was down to Iran.
The lesson is not that America has become a socialist republic. The Democratic coalition remains ideologically diverse and politically fragile. The lesson is that populist anger is not immune to disappointment. Its rhetoric thrives on permanent crisis, but a movement in office owns the crisis it once exploited. Voters who cheered promises to punish the elites still have to pay for groceries, housing and fuel. They eventually notice when those who promised to drain the swamp have installed themselves in the penthouse above it.
The common thread is governing, not ideology
This is what links otherwise very different events: the defeated are not merely right-wing, they are incumbents who promised to fix everything. And the victors are not uniformly left-wing. Often they are not left-wing at all.
Hungary shows this most clearly. In April, Hungarian voters ousted Orbán after 16 years in power in favour of a pro-European challenger. That challenger, Péter Magyar, is a former insider of Orbán's Fidesz who broke with the party in 2024, and his Tisza party is a member of the centre-right European People's Party. He campaigned against corruption and on everyday issues such as healthcare and public transport. The scale of the result is striking: turnout reached a post-communist high of nearly 80%, and Tisza was on track for roughly 138 of 199 seats, a two-thirds supermajority. The obstacles Orbán had built were formidable. He controlled public media and much of the private market, and a redrawn electoral map meant Tisza needed an estimated 5% more votes than Fidesz to win a simple majority. Institutional dominance, it turns out, can delay political change but cannot abolish public dissatisfaction.
Serbia offers a similar lesson from below. The protests began in November 2024 after the collapse of a station canopy in Novi Sad killed 16 people, an event widely blamed on corruption. On 25 October the movement entered the ballot box. Aleksandar Vučić conceded defeat, acknowledging that the students' list had won, and Ipsos/CeSID data put its vote at 52.9% against 38.8% for his Progressive Party. Turnout was the highest in more than three decades. The movement's agenda focuses on rooting out corruption and improving education, which is hardly a Left manifesto. Its success also carries a warning for its own leaders. Protest movements are good at identifying what must end; governments must answer the harder question of what comes next.
Brazil, Israel and the limits of the thesis
Brazil on 25 October shows both the strength and the limits of the counter-wave. Lula won a fourth term with 51.79% of the valid vote against 48.21% for Flávio Bolsonaro. It was a victory for coalition-building, and Lula won it on the ground of concerns about security and the cost of living and of national sovereignty: he told Trump that Brazil would not accept being "anyone's backyard". But it was close, and it was no rout. Bolsonaro had beaten Lula by more than 2.2 million votes in the first round, and Lula must now govern with the most right-wing Congress of Brazil's democratic era, in which the Liberal Party made the biggest gains. Jair Bolsonaro called the result "inexplicable" and said he would seek to annul the vote. The Right has lost an election in Brazil. It has not lost Brazil.
Israel is more complicated still. The election of 27 October produced an inconclusive result: with about 90% of ballots counted, Netanyahu's bloc held 53 seats against 48 for the bloc led by the former military chief Gadi Eisenkot and a record 19 for Arab-led parties, with 61 needed for a majority. Netanyahu's bloc held 68 seats in the outgoing Knesset and stood to lose 15. Turnout, at nearly 78%, was the highest since 1999. This is not a clean Left-versus-Right contest. The opposition spans a wide spectrum and is led by a centrist. But a politics built on existential threat can be extraordinarily powerful and can also exhaust a society. Citizens accept extraordinary measures in extraordinary times; eventually they ask whether emergency has become a method of government.
The probation electorate
Argentina completes the picture. Javier Milei arrived with the energy of a revolution, and the revolutionary glamour of dismantling the state is easier to sustain in speeches than in the lives of citizens who depend on public services. By May, his disapproval reached 63% against 35.5% approval, the worst reading of his term, as inflation rebounded and a corruption scandal broke. His standing has since recovered to roughly 40%, though still near the lowest of his presidency. The volatility is the point. Last year, his approval rose after his party's midterm victory. Voters are no longer signing long-term ideological contracts with any camp. Governments are being hired on probation.
That is a dangerous environment for every establishment, and especially for populists who promised miracles. A conventional politician can blame constraints, inherited problems and global conditions. A populist who promised to fix everything by smashing the old order has fewer excuses once the old order has been smashed and the bills keep arriving.
France: the test of the thesis
France is the clearest warning against premature celebration. The anger that has punished incumbents in Budapest, Belgrade and Washington may benefit the French far Right precisely because it has never governed France. In July, the Paris appeal court upheld Marine Le Pen's conviction for embezzling European Parliament funds but softened her electoral ban, leaving her legally able to contest the 2027 presidential election, while the National Rally weighs whether to field her or her 30-year-old protégé Jordan Bardella. Polls project both comfortably winning the first round and reaching the run-off, and a Le Monde poll found 42% of French voters now agree with the party's ideas, up from 29% in 2022.
France shows that voters are not necessarily turning Left. They are turning against those in power. If liberal and progressive parties fail to answer economic insecurity, housing, immigration and social cohesion, anger can just as easily travel back to the other side of the spectrum.
What the Right still has
The most misleading reading of this moment would be that the Left has returned and the Right is finished. The Right retains formidable advantages: a sophisticated digital culture, a powerful language of national identity and an instinctive grasp of political theatre. It knows how to make complicated problems look simple, and simple answers look courageous. The Left and liberals still have the better policy papers and the weaker stories. They can explain why a problem is complicated, while the populist promises to solve it before breakfast.
Here lies the most important feature of the moment. Opponents of the Right are beginning, unevenly, to learn that democracy cannot be defended by lecturing voters about democracy. A family struggling with rent, food prices and insecure work may agree that constitutional norms matter, but it will wonder why those norms have not produced an affordable home. The new Right won by connecting cultural resentment with economic insecurity. Its opponents succeed where they connect democratic values with material concerns. The politics of affordability, corruption and accountability is becoming the bridge between liberal institutions and everyday life.
The question the Right must now answer
The counter-wave is not a single phenomenon. Ideologies differ, histories differ, grievances differ. But they share one powerful sentiment: anger at the establishment is no longer the exclusive property of the Right. For years nationalist populists persuaded voters that liberals and leftists were an arrogant elite detached from ordinary life. The emerging counter-wave asks an equally uncomfortable question of them: after years of railing against the elite, have you simply become another elite?
That question may prove more dangerous than any academic critique or television debate. Political movements survive ideological attacks. They find it much harder to survive the discovery that they have become what they promised to overthrow.
The world may not be witnessing the triumphant return of the Left. It may be witnessing something more interesting: the end of the assumption that the Right owns the future. Political inevitability is usually an illusion manufactured by the winners of the previous election. But celebrating the defeat of the Right is not a programme for government. The parties that hope to occupy the space now opening will have to do more than defend the past. They will have to offer a believable future.
Because the real contest now taking shape is not whether the Right has been defeated, but whether its opponents have learned enough from its success to ensure that the next wave of public anger belongs to them.
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