Blame Capitalism: The 99%

Today, Explained

Vox

Daily News, Politics, News

4.4 • 9.5K Ratings

🗓️ 22 September 2023

⏱️ 26 minutes

🔗️ Recording | iTunes | RSS

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Summary

Two wildly different political movements — Occupy Wall Street and the Tea Party — emerged from the Great Recession. They forever changed the way Americans think about capitalism and democracy. This episode was produced by Avishay Artsy, edited by Matt Collette, fact-checked by Laura Bullard and Serena Solin, engineered by Rob Byers and Patrick Boyd with original music by Jon Ehrens, and hosted by Noel King. Additional editorial support from Miles Bryan, Jolie Myers, and Miranda Kennedy. Transcript at vox.com/todayexplained Support Today, Explained by making a financial contribution to Vox! bit.ly/givepodcasts Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	For a long time, regular Americans didn't talk very much about capitalism.
0:05.0	Vox wasn't publishing think pieces about frog and toad being anti-capitalist icons.
0:11.0	And the rap on Jack Welch, we talked about in our last episode,
0:14.0	great CEO in on the joke.
0:16.0	If you need to pass some eye water, I'll be happy to go out and get you some weakness tissues.
0:21.0	No, I'm not crying in front of Jack Welch.
0:24.0	But during the great financial crisis, capitalism broke for everyone.
0:28.0	And instead of uniting us, it divided us.
0:31.0	The rage then was like one of those summer wildfires that burns so intensely,
0:35.0	it makes its own weather.
0:37.0	It whipped up a political storm on the right.
0:39.0	President Obama, are you listening?
0:42.0	And on the left.
0:43.0	We're very angry at Wall Street.
0:44.0	It's the part of capitalism, American capitalism especially.
0:47.0	That's why we're here today.
0:48.0	And that's why we're here today, on today explained.
0:51.0	We've identified the moment we all started talking about capitalism.
0:55.0	Coming up a financial crisis and two wildly different but lasting responses
1:00.0	to the problems with American capitalism.
1:08.0	Support for our show comes from Fundrise.
1:11.0	Fundrise is an investment platform designed to make it easier for investors of all sizes
	...

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