The neofascist reaction, the force behind Trump, has come about because of the extreme disembeddedness of the economy from social relations. The neoliberal economy has become pure abstraction; as has the market, as has the state, there is no reality to any of these things the way we have classically understood them. Americans, like people everywhere rising up against neoliberal globalization (in Britain, for example, this takes the form of Brexit, or exit from the European Union), want a return of social relations, or embeddedness, to the economy.

The Trump alliance desires to remake the world in their own image, just as the class representing neoliberal globalization has insisted on doing so. The difference couldn’t be starker. Capitalism today is placeless, locationless, nameless, faceless, while Trump is talking about hauling corporations back to where they belong, in their home countries, fix them in place by means of rewards and retribution, like one handles a recalcitrant child.

Trump is a businessman, while Mitt Romney was a businessman too, yet I predict victory for the former while the latter obviously lost miserably. What is the difference? While Trump “builds” things (literal buildings), in places like Manhattan and Atlantic City, places one can recognize and identify with, and while Trump’s entire life has been orchestrated around building luxury and ostentatiousness, again things one can tangibly grasp and hold on to (the Trump steaks!), Romney is the personification of a placeless corporation, making his quarter billion dollars from consulting, i.e., representing economic abstraction at its purest, serving as a high priest of the transnational capitalist class. …

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