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Our peculiar populism

Serious question: Why are the American people angry at the government, and not Wall Street, over the economic crash and crisis? Me, I’m angry at both the government elites and Wall Street elites over their collusion in bringing this state of affairs about. Anybody still laboring under the illusion that it was only the Republicans […]

Serious question: Why are the American people angry at the government, and not Wall Street, over the economic crash and crisis?

Me, I’m angry at both the government elites and Wall Street elites over their collusion in bringing this state of affairs about. Anybody still laboring under the illusion that it was only the Republicans responsible for this ought to watch the great Frontline documentary “The Warning,” which you can see on your computer for free on PBS’s website; it will help you see how radical the problem is in this country. But anti-Wall Street sentiment doesn’t seem general in our political culture, even though the banks have made out like bandits.

Why not? You have a theory?

Look, I’m not trying to find scapegoats. We, the American people, have a role in having created this mess too, though nobody gets elected by telling people that part of the crisis is their own damn fault. Still, it is remarkable that, given the nature of the crisis, there hasn’t been any general, to say nothing of effective, mobilization of opinion against the financial elites, even as there has been a mobilization of opinion (the Tea Party) against the government. It’s interesting that this has been the case, has it not?

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