Not unlike our (not so) esteemed leadership in Congress, Green and Red is out on a little summer recess. We will be back with new episodes soon. In the meantime here’s a “Best of Green and Red” episode from March 2020 on populism and the New Deal.
Listen in: https://apple.co/3eBP4su
From March 2020:
“The world is in full blown panic around the COVID19 pandemic. The global economy is shaking. Today, the stock market took its biggest dip since September 1987. Panic about the virus and jobs and business is kicking in.
During previous economic crashes, most notably the Panic of 1893 and the 1929 crash that launched the Great Depression, we saw moments emerge that initially challenged the ruling class. Both the populist movement of the 1890s, and social justice and labor movements of the 1930s led to a “thunder on the left” that terrified the ruling class. From William Jennings Bryan to Sinclair Lewis and Huey Long to Bernie Sanders, populist figures on the left are much more of a threat to Wall Street and the uber-rich than billionaire reality TV stars.
As a result, the rich always know how to turn bottom-up led movements into top-down reform that actually benefits the wealthy with social stability and new consumer markets So, in this episode, Bob and Scott talk about the real meaning of Populism and the New Deal.”