Plan Rosebud 2 focuses on the Spanish Transition, the period that took place after the end of Franco's rule, placing it in its cultural context, as well as on the final years of the Labour Party's rule in Great Britain during the seventies and the rise of the conservative leader Margaret Thatcher. Through analysis of social movements and popular culture, the film attempts to dismantle the idea that a pact among the Spanish ruling elite, led by Adolfo Suárez and King Juan Carlos, "saved" Spain from a new civil war and paved the way for a "peaceful" transition to a democratic regime.