Populism Was Not Sparked by the Financial Crisis

Although 2008 has been designated Year Zero, US politics owes more to much older events

Anti-Vietnam war protesters march in Des Moines in 1968. Some 77% of Americans trusted the government in 1964, the year before US ground forces were sent to the country. That reading had fallen to 18% last year. Photo: Bettmann/Getty

By Janan Ganesh

News of mass Floridian mortgage defaults clouded 2006. The US entered a technical recession in 2007. Unemployment reached double-digits as late as 2009.

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