For more than two centuries, Americans were a people of plenty. They cast off the corruption of the Old World for a future of boundless abundance. That future is now receding into the past. The American Dream is fast becoming an air-conditioned nightmare complete with power outages. The long boom is over, America is browning, and the long emergency is unfolding. Dazed, disoriented, and increasingly despondent, homo Americanus now represents the senile face of defeat and decay. Americans who trace their bloodlines back to Britain now walk with the living dead, stranded in an alien nation far removed from their ancestral homeland.
The power and prestige once attached to old-stock Americans as the founding race of the Constitutional Republic ebbed away, leaving behind little more than an acronym conceived in acrimony, then sugar-coated and dressed as an empty Brooks Brothers suit--the WASP. Coined sometime in the 1950s as a snide epithet aimed at the patrician products of Ivy League colleges, the term can be stretched to include anyone anywhere descended from the indigenous peoples of Britain. As a collective noun, WASP refers to a mechanical aggregation of individuals rather than an organic social whole; ethnic solidarity is all but unknown among WASPs, especially those safely ensconced in the upper reaches of the mangerial-professional class. Not even the most highly-educated WASPs care that their own children remain ignorant of Anglo-Saxon ethnohistory. At best, the epigonal snobbery sustains the infant ethnoancestry industry tracking Y-chromosomes and mitochondrial DNA back to the British Isles and beyond. Upper-class WASPs in America have presided "over the dissolution of their own dominion," leaving their less priviliged co-ethnics to face a future of public denigration and deliberate degredation. The language and institutions of the merely middle class WASP--his biocultural capital, indeed, the whole set of what a biologist might call his extended phenotype, a patriot his country, or a priest his faith--was socialized, commercialized and not infrequently vandalized by free riders of all colors and creeds.
The WASP Question: An Essay on the Biocultural Evolution, Present Predicament, and Future Prospects of the Invisible Race, Andrew Fraser (2011)