Francis has an interesting analysis of our recent history (which was evidently restarted at some point) of populism generated by right wing “left behinds” that only serves to embolden the plutocracts that are leaving these Conservatron Patsies behind. Fukuyama does make some worthwhile points about Chicago School economics providing a pseudo-intellectual rationalization to Reaganism and allowing bankers and “economists” to participate in a revolving exclusive circle jerk that enriches them both. Still, Fukuyama is leaving out the Racist Elephant in the room, namely the Republicans’ Southern Strategy. Fukuyama notes that somehow there was a populist sense that government would only waste money that cropped up in the 1970s without ever considering that for a southern FDR Democrat the government redistributing wealth to electrify the south and the west in the 30s is worthwhile, but once the government assures that blacks are no longer formally second class citizens in the 1960s, then its redistribution must surely go to helping THEM (whoever they may be — there are many THEYs) at the expense of HIM. Or, as Ronald Reagan said, “I didn’t leave the Democratic Party, the Democratic Party left me.”
Sure I used a Strawman and my analysis isn’t appearing in an academic magazine, but click on the link and decide for yourself who has the more compelling argument. I feel that MacGregor’s First Rule of American History still holds: At the end of the day, everything comes back to race.