Josh Green, Bloomberg Businessweek National Correspondent, discusses his book The Rebels: Elizabeth Warren, Bernie Sanders, AOC, and the Rise of the New Left. The podcast explores the rise of economic populism in the Democratic Party after the global financial crisis. It also discusses the impact of Trump's personality and populism, the cultural divisions during the COVID-19 pandemic, the influence of the 2008 financial crisis on American politics, and Elizabeth Warren's role in shaping the Democratic Party.
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Quick takeaways
The rise of right-wing populism in American politics, exemplified by Donald Trump, was fueled by economic discontent and frustration with the political establishment after the 2008 financial crisis.
The emergence of left-wing populism in the Democratic Party, represented by figures like Elizabeth Warren, Bernie Sanders, and Alexandria Ocasio-Cortez, can be attributed to Democratic voters' dissatisfaction with the response to income inequality following the financial crisis.
Deep dives
The Rise of Populism: Trump and the Right
The podcast episode discusses the rise of populism in American politics, focusing on the emergence of Donald Trump and the Republican Party. It explores how the economic discontent and anger following the 2008 financial crisis created favorable conditions for right-wing populism. The episode highlights Trump's appeal to voters who were dissatisfied with the political establishment and frustrated with economic inequalities. It also mentions the influence of Steve Bannon and the Tea Party movement in shaping the Republican Party.
The Rise of Populism: The Left's Response
The episode also delves into the rise of economic populism in the Democratic Party, examining how figures like Elizabeth Warren, Bernie Sanders, and Alexandria Ocasio-Cortez have gained prominence. It traces their rise to the discontent among Democratic voters following the financial crisis and the perception of an inadequate response to address income inequality. While this left-wing populism has resonated with many progressive voters, the episode points out that it has not been as all-encompassing as the right-wing populism led by Trump within the Republican Party.
The Impact of the 2008 Financial Crisis
The podcast episode emphasizes the significance of the 2008 financial crisis as a pivotal event that continues to shape American politics. It highlights how the crisis created a sense of economic dislocation and anger, leading to the emergence of populist movements on both the right and left. The Tea Party movement and Occupy Wall Street are mentioned as examples of the initial response to the crisis. The episode also notes that while the economic impact of the COVID-19 pandemic has played a role in shaping recent politics, cultural divisions have become predominant in the political landscape.
Bloomberg Businessweek National Correspondent Josh Green discusses his book The Rebels: Elizabeth Warren, Bernie Sanders, AOC, and the Rise of the New Left. Hosts: Carol Massar and Tim Stenovec. Producer: Paul Brennan.