Why We Got Ayn Rand Instead of FDR: Thomas Frank

Thomas Frank is author of a provocative new book, Pity the Billionaire, on how Tea Party Populism derailed a New New Deal.

Editor’s note from AlterNet: In  2008, the house of cards came crashing down around us, and all of the economic doctrine we’d been fed over the past few decades was laid bare for all to see. The deregulated cowboy capitalism that was supposed to release unbridled prosperity had led instead to widespread economic pain.  It was a moment ripe for a populist uprising – perhaps a new New Deal would emerge as America elected its first black president in a dramatic rejection of George W. Bush’s business-friendly ideology. But something happened on the way. Instead of FDR, we got Ayn Rand. Rather than calling for programs that might alleviate some of working America’s suffering, we saw the emergence of the Tea Parties, which demanded that ordinary Americans feel every bit of pain they had coming to them – and that we leave the Wall Street hustlers who had precipitated the crash alone.

For the full article, go to http://www.alternet.org/story/153973/why_we_got_ayn_rand_instead_of_fdr%3A_thomas_frank_on_how_tea_party_%27populism%27_derailed_a_new_new_deal

Richard Walker is the director of the Living New Deal.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

New Deal Maps

Check out our latest map and guide to the work of the New Deal in Washington, D.C. It includes 500 New Deal sites in the District alone, highlighting 34 notable sites, and includes an inset map of the area around the National Mall which can be used for self-guided walking tours.

Take a look at our previous guides, equally comprehensive, covering key New Deal sites in San Francisco and New York City.