"In the early 70s, the capital class stages a revolt of the rich against the poor. The post-World War II consensus had transferred too much wealth and too much power to the working class, so the rich made it their mission to dismantle that consensus and make sure it could never re-emerge. First Nixon and then Reagan built and institutionalized debt traps, slashed social spending, annihilated labor unions, and poisoned the very idea that there was any such thing as "society" or that we could work together to solve our shared problems."
It's an antidote to the kind of leftist/central view of "things are getting better and better, poverty is decreasing" etc , at least in terms of the American condition. Not that I'm that much of an American First-er either. But the idea of how we were founded as a plantation economy, and then later we got a giant post-war boost, having been shielded from the downsides of war by big oceans and friendly neighbors, but now it's just a slow grind back... oy.