From Green Eagle:
We are all seeing endless stories trying to “explain” where Donald Trump came from and how he has managed to do what he has done this year. I put that word “explain” in quotation marks, because almost none of these stories really goes much beyond trying to demonstrate that Trump is a unique phenomenon that really has nothing to do with true Republicans or true Conservatism. In my opinion, Trump’s rise is a perfectly logical step in the devolution of the Republican party, a process which has been going on not merely since Obama was elected, not since George W. Bush, not since Reagan, but for at least a hundred years. It is important to understand this, because Trump is by no means the end stage of this process; things will only get worse in the future.
To explain this, I have to talk about economics. In the last century, there have been basically two economic theories in the capitalist world: So-called “supply side” economics, also known as “Austrian school” economics in an attempt to make it sound more European and intellectual, and Keynesian, or what might be called “demand side” economics.