The world expected contrition. What it got was the opposite, delivered on the point of a bayonet. Instead of complying with the new speed limit, the strategists of the Right hit the gas. Introduction Thomas Frank’s Pity the Billionaire explores a counterintuitive resurgence of conservative ideology following the 2008 financial collapse. The book looks into the remarkable phenomenon of grassroots support for free-market capitalism, even as its failures exacerbated economic hardship. Frank investigates the perplexing shift in American public opinion, wherein financial crises traditionally led to calls for government intervention and reform but instead inspired renewed enthusiasm for deregulation and laissez-faire policies. His analysis not only critiques this response but attempts to understand why, in a period of economic despair, Americans rallied to defend the systems and ideologies that had caused their suffering. Thematic Analysis Frank frames his book as a chronicle of “...
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