The events of 2016–2017 sharply changed the political balance in the West and across the world. The Brexit success, sensational victory of Donald Trump, the atmosphere of ‘the last battle’ ‘on the brink of a precipice’ during the presidential elections in France, a dramatic turn to right wing nationalism in Poland, Hungary and some other countries of Central Europe – the whole of it brought the rightist revolt against the neoliberal mainstream (and response to it) into the global focus.
‘We are transferring power from Washington, D.C. and giving it back to you, the American People’ — the Trump’s sharp rebuff of traditional mainstream rhetoric and turn to white-wing nationalism brought the new term of ‘Trumpism’ into being. Nevertheless, the Trump’s rise to power was the result of a broader demand for transformation of the American political system.
The Trumpism is deeply rooted in the American political history and has a certain value system in its core. It amalgamates leftist and rightist elements, forming the bloc of interests, although contradictory. The Trumpism is a new approach to the settlement of old issues, especially economic ones. Trump’s policy is based on the interests of middle capital and aimed at weakening big capital in favour of the middle capital. Thus, this makes the value of protecting the domestic market or sound protectionism a matter of key importance.
What is the future of the Trumpism? Will Europe follow the example of the US? What should be Russia’s attitude towards the ‘rightist revolt’?
Since 2015, the Valdai Discussion Club has been studying global alternatives to the traditional neoliberal mainstream and their impact upon the world’s transformation. The main collision in the march of globalization is being shifted to domestic conflicts inside the West. That is why another report on the issue, written by Oleg Barabanov, Programme director of the Club, with an expert team, focuses on internal transformations and challenges the Western countries are facing.