THE POLITICS OF RICH AND POOR by Kevin Phillips
Random House; 262 pages; $19.95
In the shoot-from-the-hip world of Washington prognostication, Kevin Phillips stands out like a Nostradamus. As early as 1969, he foresaw the revolt against permissiveness and the disaffection of white Southerners with the Democratic Party, which helped create "the emerging Republican majority" that has dominated American politics for the past 20 years. Now he has a major new book that could portend good news for the ailing Democrats: the 1990s, he argues, will bring a populist backlash against the greedfest of the 1980s.
Phillips brings the authority of...