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{
    "pk": 47928,
    "title": "“Second Time as Farce”: Trump’s Presidency and the Global Rise of Right-Wing Politics",
    "subtitle": null,
    "abstract": "<p>The 2024 US presidential election result is, rather than an isolated phenomenon, symptomatic of the alarming rise of a series of extremist right-wing movements throughout the Western world. While history is generally considered to progress in a linear fashion, such a wave seemingly validates a circular model of history, if only given the evident parallelism between our times and the first half of the preceding century. Analysts such as Ray Dalio go even further, arguing that the present cycle, characterized by the United States’s predominance in the world order, is drawing to a close, predictively giving way to China’s imminent relay as the leading power. However, regardless of whether we are experiencing the culmination of a geopolitical cycle or simply reiterating the early decades of the twentieth century, a new element is characterizing today’s rise of the far right. The limelight presence of tech billionaires at President Donald Trump’s 2025 inauguration and their multimillion dollar investments in the Republican campaign evince a different kind of relationship between governments and corporations. While the confluence of politics and private interests is by no means new, the blatant barefacedness of this relationship is somewhat unprecedented, revealing an unashamed move to oligarchy. What is more, an added and more preoccupying novelty is the United States’s apparent shift from libertarianism to authoritarianism. Economist Yanis Varoufakis goes as far as to argue that capitalism itself is experiencing a radical transformation, through the mutation of capital into what he terms “cloud capital.” The result of these discrepancies is unfortunately not a transcending of the cycle, but the alleged demise of capitalism in favour of a return to a new kind of (\"techno-\")feudalism. This article scrutinizes the current sociopolitical situation in order to consider whether we are in fact trapped in an unending and unavoidable cycle of growth and decay, or if there are ways to break away from it.</p>\n<p> </p>",
    "language": "eng",
    "license": {
        "name": "Creative Commons Attribution-NonCommercial-NoDerivatives  4.0",
        "short_name": "CC BY-NC-ND 4.0",
        "text": "Attribution — You must give appropriate credit, provide a link to the license, and indicate if changes were made. You may do so in any reasonable manner, but not in any way that suggests the licensor endorses you or your use.\n\nNonCommercial — You may not use the material for commercial purposes.\n\nNoDerivatives — If you remix, transform, or build upon the material, you may not distribute the modified material.\n\nNo additional restrictions — You may not apply legal terms or technological measures that legally restrict others from doing anything the license permits.",
        "url": "https://creativecommons.org/licenses/by-nc-nd/4.0"
    },
    "keywords": [
        {
            "word": "US presidential election"
        },
        {
            "word": "Trump administration"
        },
        {
            "word": "circular history"
        },
        {
            "word": "authoritarianism"
        },
        {
            "word": "comparative historiography"
        },
        {
            "word": "Transnational American Studies"
        },
        {
            "word": "oligarchy"
        },
        {
            "word": "techno-feudalism"
        },
        {
            "word": "capitalism"
        },
        {
            "word": "Right-wing extremism"
        }
    ],
    "section": "Special Section: Reflections on the US 2024 Elections in a Global Context",
    "is_remote": true,
    "remote_url": "https://escholarship.org/uc/item/68p7h5cn",
    "frozenauthors": [
        {
            "first_name": "Juan Luis",
            "middle_name": "",
            "last_name": "Toribio Vazquez",
            "name_suffix": "",
            "institution": "Indian Institute of Technology, Mandi",
            "department": "School of Humanities and Social Sciences",
            "country": "India"
        }
    ],
    "date_submitted": "2025-05-25T02:28:27.785000-07:00",
    "date_accepted": "2025-05-25T02:46:27.541000-07:00",
    "date_published": "2025-08-03T10:48:00-07:00",
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        "type": "pdf",
        "path": "https://journalpub.escholarship.org/jtas/article/47928/galley/38535/download/"
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}