It's a pretty good analysis, but we should remember that this magazine is the voice of the Pat Buchanan folks. If I understand McConnell's view correctly (from e-mails I've exchanged with him), he's a Buchananite because he wants to shut out immigrants from the US -- in order to preserve the class system. (He used to edit the NY POST.)
I'd also say that "war forever" doesn't work well as a prediction since the US power elite is facing limits of the number of soldiers they can recruit voluntarily and because of budgetary considerations.
-- Jim Devine "Segui il tuo corso, e lascia dir le genti." (Go your own way and let people talk.) -- Karl, paraphrasing Dante.