How Steve Bannon stole progressives' anti-Wall Street thunder

When elite failures and socioeconomic collapse lead to justified populist revolts, fascists can ride that wave to take over the government

Stephen Bannon gets at least one thing right.
(Image credit: REUTERS/Carlo Allegr)

In the aftermath of the 2008 financial crisis, President Obama and the Democrats made a series of fateful decisions on how to deal with Wall Street. Or, more specifically, how not to deal with it.

Their party and country may now pay dearly for those choices. To see how, look no further than President-elect Donald Trump's newly minted chief strategist, Steve Bannon.

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Jeff Spross

Jeff Spross was the economics and business correspondent at TheWeek.com. He was previously a reporter at ThinkProgress.