America is over neoliberalism and neoconservatism. Trump is not

‘Though the damage that neoliberalism and neoconservatism wrought helped make Trump’s charlatanry a credible choice for millions, the man himself stands for the eternal return of those very same policies.’ Photograph: Thomas Peipert/AP

The convergence of the US Senate’s passage of Donald Trump’s so-called “big, beautiful bill” in domestic policy with his strike on Iran in foreign policy has finally resolved the meaning of his presidency. His place in history is now clear. His rise, like that of a reawakened left, indicated that America was ready to move on from its long era of neoliberalism and neoconservatism. In office, Trump has blocked the exits by doubling down on both.

The first of those slurs, neoliberalism, refers to the commitment across the political spectrum to use government to protect markets and their hierarchies, rather than to moderate or undo them. The second, neoconservatism, is epitomized by a belligerent and militaristic foreign policy. The domestic policy bill now making its way through Congress, with its payoff to the rich and punishment of the poor, is a monument to neoliberalism; the Iran strike a revival of neoconservatism.