Showing posts with label populist culture. Show all posts
Showing posts with label populist culture. Show all posts

Wednesday, 25 March 2009

Sir Fred's house -another example of populist culture?

The news that Sir Fred Goodwin's house has come under attack draws my attention to this week's Newsweek whose theme is do populist outbursts like the one sparked by the AIG bonuses represent a threat to capitalism?

Next week's G20 in London is by all estimates going to see another attack on capitalism by protesters.Is this going to become a new trend.

In Newsweek,Michael Kazin professor of history at Georgetown University writes,with the AIG bonuses in mind that 70 years ago

Dorothea Lange traveled around rural America during the late 1930s, creating indelible images of the Great Depression. One day, she stopped outside a gas station and snapped a picture of a large sign. It read: THIS IS YOUR COUNTRY. DON'T LET THE BIG MEN TAKE IT AWAY FROM YOU. Seventy years later, citizens irate at the huge bonuses AIG paid out to top executives know just how that feels.