What’s Wrong with Institutions? A Short History of the Clash between IRAs and Turkish Populists

The aim of this article is to reveal the institutional dimensions of populism, which tend to be ignored because of the hegemony of economic analysis of the subject. Whereas many researchers assume that populism is a result of the negative economic effects of neoliberal policies on the middle class, I argue that populism is also a corollary of neoliberal institutions’ effect on the political power of so-called ordinary people. To illustrate this, I focus on the rhetoric of Turkish populists concerning two important economic institutions in Turkey: the Public Procurement Authority and the Central Bank. This examination shows that Turkish populists view the independent institutions of neoliberalism as a barrier against the people’s political will and define themselves as fighters for democracy.