The history of capitalism as a world system is punctuated by struggles for world hegemony between declining hegemonic powers and rising states, usually leading to world wars. We are now in such a period, which had been building for some time under Obama and is now being pursued much more openly and belligerently under Trump.

“Neofascism has its source in monopoly-finance capital, at the apex of the system, but depends for its existence on the ability to mobilize, with the help of a führer-like figure such as Trump, a very considerable part of the overall population.”