Decoding the Lehman Brothers Catastrophe: Seven Global Aftershocks That Shook the World

Rise of Populist Politics

The economic hardship brought about by the Lehman Brothers collapse and the subsequent recession led to widespread public discontent. This discontent manifested itself in the rise of populist politics, both on the right and the left of the political spectrum.

In the U.S., this led to the emergence of movements like Occupy Wall Street and the Tea Party. In Europe, populist parties gained ground in countries like Greece, Spain, and Italy. This shift in the political landscape has had profound implications on policy-making and international relations.