The fall of the Tory party

I'm not sure it is a cycle though. The drivers of populism are established, and set to continue.

Demographic change and ageing populations requiring ever greater share of government expenditure to go on pension and healthcare funding to maintain a minimum standard of service.
Low growth and low productivity.
Immigration driven by the need for workers in key industries / sectors.
Climate change driving concurrent political / economic / social instability across many areas of the world driving further immigration.
An economic model of globalised capitalism that concentrates power and wealth with a small global elite.
A media that imposes a wall-to-wall omerta on all of the above.
Digital media that enables and facilitates populism, and constantly reinforced the gap between people's aspirations (influencer culture etc), and their reality.
Probably ai makes all this worse.

Parklife!

None of this goes away unless people can start creating an open-source alternative to the neoliberal knackers' yard, and build it up to something we can secede to.