On Bannonism’s Coherence
Hamilton Nolan’s piece on how the Steve Bannon origin story makes no sense hits all the right notes, but I think there’s a coherence in it that Nolan misses, albeit a dark one. It’s not that Bannon wants to protect the vested fathers of the future from a financial crisis, nor is he trying to avoid said second crisis. It is, in fact, the goal. He wants to take away the rules so the banks will fuck up again and then he’ll get the privilege of telling them there’s no bailout, and he’ll have “revenge” for his dad, and get to deliver it himself. That’s exactly as far as it goes, I think.