Victory of far-right, Islamophobic and neofascist Trump, who is facing felony charges, in US election as it’s 47th President marks a reactionary context in contemporary politics. Rather than Trump’s victory, the election results are an ignominious failure of the ideologically bankrupt Democratic Party which is incapable to resist neofascism or resolve the inherent US domestic economic crisis. Obviously, the Democrats including Biden and Harris were competing with Republicans in backing the Zionist war crimes and genocide in Palestine, often using it as a cover to divert vast majority of Americans’ simmering discontent against the regime.
Victory of Trump whose election campaign was led by Musk like biggest US corporate billionaires, has also resulted in a record surge in both dollar and bitcoin and skyrocketing of equity markets. Like Reaganomics of the late 1970s, Trumpism is going to be a landmark in US economy’s ultra-right turn in the days to come with its global repercussions, even as Trump is often projected as isolationist and protectionist in economic policies. In the absence of an effective political alternative, under Trumpism, living conditions of the working class and all oppressed including the immigrants, Hispanics, African-Americans, Asians and so on, are going to worsen further in the days ahead, while corporate super-profits are set to reach horrific levels.
No doubt, Trump’s victory will enthuse neofascists of all hues including that of India, where the Hindutva fascists high adulation of neofascist Trump is already known. Organisations like Republican-Hindu Coalition were active in Trump’s election campaign and its outcome will have its after-effects in India too. Though a dramatic shift in US foreign policy in relation to US imperialist interests is not in the offing in the immediate context, much will depend on Trump’s policy declarations that follow his ascendance to power in the next year.
P J James
General Secretary
CPI (ML) Red Star
New Delhi
06.11.2024
