Here is a fairly short, 25 minute overview of the American political landscape that Thomas Frank delivers in The Shaw Address in Australia.
He urges them not to go down a similar path in 'this low, dishonest age.'
“Some economists, when thinking about long memory, are concerned that it undercuts the Efficient Market Hypothesis that prices fully reflect all relevant information; that the random walk is the best metaphor to describe such markets; and that you cannot beat such an unpredictable market. Well, the Efficient Market Hypothesis is no more than that, a hypothesis. Many a grand theory has died under the onslaught of real data.” Benoît B. Mandelbrot