Europeans no longer feel protected from risks

One of the reasons for the loss of confidence among Europeans (we look at the euro zone) and the rise of populism and nationalism is that they no longer feel protected from risks: The risk of unemployment, due to increased labour market flexibility and the decline of trade unionism; The risk of deindustrialisation, skilled job losses, downward social mobility and, due to free trade, competition from emerging countries; The risk of a reduction in the generosity of social welfare, due to tax competition, and the risk of offshoring; The risk of a loss of wealth, due to the repetition of financial crises. The institutions that used to protect people against risks (unions, labour codes, borders and tariffs, capital controls, public social welfare systems, banking and financial market regulations) are being weakened, and this weakening is mostly being rejected by public opinion.