The 2008 financial crisis gave ordinary working-class Americans the feeling that the system was rigged and that the meritocratic claims about expert knowledge were false, and this loss of faith in institutions was a primary origin point for Trumpism, according to Steve Bannon.
causalpending
Speaker
Fared ZakariaEvidence Quote
“the 2008 financial crisis, more than we realize, had a huge impact...it gave ordinary people in America...the feeling the system was rigged...It turned out it was all a house of cards. And when it collapsed, they bailed themselves out and left us.”
Source
Navigating Our Revolutionary Age: A Conversation with Fareed Zakaria and Eric Schmidt— Columbia SIPACreated: 8/12/2026, 10:34:37 PM
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