The neoliberal era in the United States ended with a neofascist bang. The political triumph of Donald Trump shattered the establishments in the Democratic and Republican parties – both wedded to the rule of Big Money and to the reign of meretricious politicians.
The Bush and Clinton dynasties were destroyed by the media-saturated lure of the pseudo-populist billionaire with narcissist sensibilities and ugly, fascist proclivities. The monumental election of Trump was a desperate and xenophobic cry of human hearts for a way out from under the devastation of a disintegrating neoliberal order – a nostalgic return to an imaginary past of greatness.
White working- and middle-class fellow citizens – out of anger and anguish – rejected the economic neglect of neoliberal policies and the self-righteous arrogance of elites. Yet these same citizens also supported a candidate who appeared to blame their social misery on minorities, and who alienated Mexican immigrants, Muslims, black people, Jews, gay people, women and China in the process.
This lethal fusion of economic insecurity and cultural scapegoating brought neoliberalism to its knees. In short, the abysmal failure of the Democratic party to speak to the arrested mobility and escalating poverty of working people unleashed a hate-filled populism and protectionism that threaten to tear apart the fragile fiber of what is left of US democracy. And since the most explosive fault lines in present-day America are first and foremost racial, then gender, homophobic, ethnic and religious, we gird ourselves for a frightening future.