{"id":43422,"date":"2019-02-01T17:49:33","date_gmt":"2019-02-01T22:49:33","guid":{"rendered":"https:\/\/olduvai.ca\/?p=43422"},"modified":"2019-02-01T17:49:34","modified_gmt":"2019-02-01T22:49:34","slug":"wall-street-banks-and-angry-citizens%ef%bb%bf","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=43422","title":{"rendered":"Wall Street, Banks and Angry Citizens\ufeff"},"content":{"rendered":"\n<h3 class=\"wp-block-heading\"><a href=\"https:\/\/www.counterpunch.org\/2019\/02\/01\/wall-street-banks-and-angry-citizens\/\">Wall Street, Banks and Angry Citizens<\/a><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">A major question remains unanswered when it comes to the state of Main Street, not just here but across the planet. If the global economy really is booming, as many politicians claim, why are leaders and their parties around the world continuing to get booted out of office in such a sweeping fashion?<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">One obvious answer: the post-Great Recession economic \u201crecovery\u201d was largely reserved for the few who could participate in the rising financial markets of those years, not the majority who continued to work longer hours, sometimes at multiple jobs, to stay afloat. In other words, the good times have left out so many people, like those struggling to keep even a&nbsp;<a href=\"https:\/\/money.cnn.com\/2018\/05\/22\/pf\/emergency-expenses-household-finances\/index.html\">few hundred dollars<\/a>&nbsp;in their bank accounts to cover an emergency or the&nbsp;<a href=\"https:\/\/www.theguardian.com\/commentisfree\/2018\/jul\/29\/us-economy-workers-paycheck-robert-reich\">80%<\/a>&nbsp;of American workers who live paycheck to paycheck.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In today\u2019s global economy, financial security is increasingly the property of the 1%. No surprise, then, that, as a sense of economic instability continued to grow over the past decade, angst turned to anger, a transition that \u2014 from the U.S. to the Philippines, Hungary to Brazil, Poland to Mexico \u2014 has provoked a plethora of voter upheavals. In the process, a 1930s-style brew of rising nationalism and blaming the \u201cother\u201d \u2014 whether that other was an immigrant, a religious group, a country, or the rest of the world \u2014 emerged.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This phenomenon offered a series of Trumpian figures, including of course The Donald himself, an opening to ride a wave of \u201cpopulism\u201d to the heights of the political system. That the backgrounds and records of none of them \u2014 whether you\u2019re talking about Donald Trump, Viktor Orb\u00e1n, Rodrigo Duterte, or Jair Bolsonaro (among others) \u2014 reflected the daily concerns of the \u201ccommon people,\u201d as the\u00a0<a href=\"https:\/\/www.merriam-webster.com\/dictionary\/populist\">classic definition<\/a>\u00a0of populism might have it, hardly mattered. Even a billionaire could, it turned out, exploit economic insecurity effectively and use it to rise to ultimate power.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">&nbsp;\u2026click on the above link to read the rest of the article\u2026<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Wall Street, Banks and Angry Citizens A major question remains unanswered when it comes to the state of Main Street, not just here but across the planet. If the global economy really is booming, as many politicians claim, why are leaders and their parties around the world continuing to get booted out of office in [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[63,5493,384,575,13781,860],"class_list":["post-43422","post","type-post","status-publish","format-standard","hentry","category-economics","tag-banks","tag-counterpunch","tag-great-recession","tag-nomi-prins","tag-populism","tag-wall-street"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/43422","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=43422"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/43422\/revisions"}],"predecessor-version":[{"id":43423,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/43422\/revisions\/43423"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=43422"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=43422"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=43422"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}