Despite its crucial importance to the development of twentieth century Argentina and the volumes of scholarly, journalistic and partisan exegesis the movement has generated, historians have yet to reach a minimal consensus on the nature of Peronism. In the quarter century since Perón's first fall from power, numerous efforts have been made to explain, glorify or denigrate his regime. Many anti-Peronists have dismissed their bête noire as an unprincipled demagogue, motivated solely by political opportunism and an insatiable desire to retain power. Some supporters of the regime echo its propaganda by picturing Perón as taking the first great strides toward a politically free, economically independent and socially just Argentina. Certain anti-Peronists and a number of foreign commentators grudgingly admit that the movement had political and ideological content, but then label it as an imported fascist interlude, an alien virus that infected the body politic of Argentina just as it neared the end of the long march towards liberal democracy. The London Economist recently described the advent of Peronism as an instant replay of Italian Fascism. “The bulk of his supporters were the lower middle class immigrants who poured into the country from impoverished Italy after the second world war… The new arrivals cheered El Lider as they had cheered Il Duce for two decades. Perón representated the same historical phenomenon as Hitler and Mussolini…”