Today, Explained Blame Capitalism: The 99%
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Sep 22, 2023 Explore the contrasting political movements stemming from the Great Recession. Discover how shareholder capitalism evolved in the 1980s, igniting frustration that led to the rise of the Tea Party. Experience the vibrant protests of Occupy Wall Street, where diverse voices united against capitalism. Delve into the changes in news consumption and its impact on American politics. Finally, uncover the shared grievances of seemingly opposing groups, revealing a common discontent with the capitalist system and the urgency for systemic reform.
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Santelli's Rant
- Rick Santelli's rant on CNBC against bailouts resonated with many Americans.
- He called for a "Chicago tea party," sparking a nationwide movement.
Tea Party's Impact
- Bill Hennessey, inspired by Santelli, organized a St. Louis Tea Party.
- The Tea Party shifted conservatives from victims to advocates.
Tea Party and Capitalism
- The Tea Party celebrated capitalism and wealth creation.
- However, it also became associated with cultural anxieties and conspiracy theories.
