How social media, the Great Recession and Donald Trump combined
Mr. Trump’s improbable rise benefited from a perfect storm of larger economic, social and demographic changes, and the profoundly disruptive effects of new technology.
The event that turned people’s sense of dislocation and disillusionment into populist anger on both the right (the Tea Party) and the left (Occupy Wall Street and, later, Bernie Sanders’s candidacy) was the 2008 financial crisis.
While the banks were bailed out and the fortunate 1 percent soon made back its losses (and more), working- and middle-class voters struggled to make up lost ground.
Many students realized they were looking at jobs in the gig economy and years of crippling debt, while workers in the manufacturing sector found themselves downsized or out of work.
Michiko Kakutani NYT 27 December 2019
The event that turned people’s sense of dislocation and disillusionment into populist anger on both the right (the Tea Party) and the left (Occupy Wall Street and, later, Bernie Sanders’s candidacy) was the 2008 financial crisis.
While the banks were bailed out and the fortunate 1 percent soon made back its losses (and more), working- and middle-class voters struggled to make up lost ground.
Many students realized they were looking at jobs in the gig economy and years of crippling debt, while workers in the manufacturing sector found themselves downsized or out of work.
Michiko Kakutani NYT 27 December 2019
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