One problem with this analysis is that you would expect the countries with real safety nets to be doing much better,. That's actually not true. Fascism is doing well there also.

It's not that this is wrong, but it's incomplete. The changes required in society are more basic, and the corrupting power of the Murdochs, Kochs and others is more pervasive. I have a lot of respect for Mr. Haque; he should think more about what the alternative has to be.