#occupyWallStreet is a “left populist movement, a true people’s movement, the kind we haven’t had in over a hundred years—the kind to take on the unfinished business of FDR’s New Deal.” Reece was drawing a lineage to the late-19th-century political eruption of Populism, when the Farmers’ Alliance and People’s Party arose in response to the depredations of the Gilded Age.
“The Populists spoke the same language as OWS. “We meet in the midst of a nation brought to the verge of moral, political, and material ruin,” the People’s Party platform of 1892 declared. “Corruption dominates the ballot box, the Legislatures, the Congress. … The people are demoralized … our homes covered with mortgages, labor impoverished. …. The fruits of the toil of millions are boldly stolen to build up colossal fortunes, unprecedented in the history of mankind, and the possessors of these, in turn, despise the republic and endanger liberty. From the same prolific womb of governmental injustice we breed two great classes—tramps and millionaires.”
“The Populists formed primarily out of the ranks of the self-proclaimed “producerists” of the South, Midwest, and West—tobacco and cotton farmers, railroad workers, miners. The producerists, snarling at “the Money Kings of Wall Street,” banded together to build a “moral economy” based on “democratic capitalism” in a “cooperative commonwealth”—a society free of “special privileges” and “centralized corporate despotism.” This “was more than a party and more than an ethos,” writes Lawrence Goodwyn, professor emeritus at Duke University, in Democratic Promise: The Populist Moment in America. “It was, in fact, a new way of looking at things—a new culture, and one that attempted to shelter its participants from sundry indoctrinations emanating from the larger culture that was industrial America itself.”