Populism comes in two varieties -- progressive and reactionary.

Since our founding two decades ago, the Prospect has published many articles on the importance of pocketbook issues in restoring progressivism as this country's governing philosophy. During this period, jobs, earnings, pensions, health coverage, and ladders into the middle class have all become more precarious. Finance has become increasingly

influential on both parties and more dominant in the economy. Economically anxious voters, especially white men, have drifted right. The distress of ordinary people has only worsened with the current crisis.

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