The 2008 bailouts bred a felt betrayal that fueled the Occupy movement.

Evidence

When bankers turned against the very households to which they’d granted mortgage loans, and when the government used public money to rescue institutions that were judged “too big to fail,” people did get poorer. But they also felt betrayed by the economic and political elites responsible for the situation. Such a sentiment would resurface in the slogans of the Occupy movement. In the European Union, resentment would be even stronger, thanks to the harsh route of austerity taken by national governments. — Arthur Borriello and Anton Jäger, The Populist Moment, 104

Categorization

• SEED: Article angle: moral betrayal, not mere impoverishment, as the emotional fuel of post-2008 populism — the subjective wound behind the objective losses.
• XREF: connects to: The 2008 bank bailouts delegitimized the political centre ground myth — Mark Fisher (edited by Darren Ambrose), K-Punk: The Collected and Unpublished…, 1475; The 1990s middle class later became the occupy movement’s squeezed core — Arthur Borriello and Anton Jäger, The Populist Moment: The Left After the…, 91; The 2008 bailouts discredited neoliberalism but not capitalist realism itself. — Mark Fisher, Capitalist Realism: Is There No…, 161 (+1 more)

Broader Connections

• The 2008 bank bailouts delegitimized the political centre ground myth #expands (0.90) — Mark Fisher (edited by Darren Ambrose), K-Punk, 1475
• The 2008 bailouts discredited neoliberalism but not capitalist realism itself. #expands (0.85) — Mark Fisher, Capitalist Realism, 161
• The 1990s middle class later became the occupy movement’s squeezed core #expands (0.75) — Arthur Borriello and Anton Jäger, The Populist Moment, 91
• Britain’s 2011 riots and Occupy shared a common origin in economic inequality #expands (0.75) — Shoshana Zuboff, The Age of Surveillance Capitalism, 132