SPIEGEL: The latest financial crisis was often compared to the Great Depression: Why did we not see another case of the left wing rising up against the rich?
Fukuyama: I am at a loss, too. Where is this uprising from the left? This is a crisis that began on Wall Street. It really was rooted in the particular American model of liberalized finance. It hurt ordinary people tremendously, and it benefited the richest part of the country — the finance sector — which came through the crisis very well, thanks to government bailouts. You would have thought that this would pave the way for a rise of left-wing populism as seen in the 1930s. A Tea Party on the left, so to speak.
SPIEGEL: Could the Occupy Wall Street movement fill this void on the left?
Fukuyama: I really do not take this movement seriously, because its social base is extremely narrow. It consists mostly of the same kids that were protesting in 1999 in Seattle against the World Trade Organization — anti-capitalists. The big problem sociologically for the left in the United States is that the white working class and lower middle class, that in Europe would be reliably social democratic in their political behavior, tends to vote Republican or is easily brought into the Republican camp. Until the Occupy Wall Street people can connect up with that demographic group, there is not going to be a big left-wing populist base of support in the US…
SPIEGEL: But would you seriously argue that Republicans are any less close to Wall Street?
Fukuyama: Oh no. Republican politicians are completely bought by Wall Street. But the real question is: Why do their working class supporters continue to vote for them? My explanation is partly this deep distrust of any form of government that goes back very far in American politics, and is today reflected in political figures like Sarah Palin, which holds against Obama primarily the fact that he went to Harvard. There is a kind of populist resentment in US politics against being ruled by elites.
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