As we close out 2025, Nick takes stock of the first year of Donald Trump's second term. While some liberal commentators hold out hope that the upcoming 2026 midterms will curb his power, Nick argues that the real conflict isn't between Left and Right, but between two factions of capital: the liberal-democratic establishment and the nativist, protectionist forces embodied by Trump. We explore the failure of the Democratic Party to offer a meaningful alternative to neoliberalism, the rise of "America First" as a tool for personal enrichment, and the alarming normalization of far-right rhetoric in Europe. From the hollowing out of the British state to the potential end of the globalized order, this episode asks: If Trumpism is a symptom of a broken economic system, what happens when the opposition refuses to fix it? Key Topics: The Schism of Capital: Liberal globalism vs. conservative protectionism. The 2026 Midterms: Will a Democratic victory save democracy or just delay the inevitable? The Failure of Centrism: Why Hillary Clinton and Keir Starmer failed to stop the drift to the right. Trump as CEO: Viewing the presidency as a mechanism for personal wealth extraction. Explaining History helps you understand the 20th Century through critical conversations and expert interviews. We connect the past to the present. If you enjoy the show, please subscribe and share. ▸ Support the Show & Get Exclusive Content Become a Patron: patreon.com/explaininghistory ▸ Join the Community & Continue the Conversation Facebook Group: facebook.com/groups/ExplainingHistoryPodcast Substack: theexplaininghistorypodcast.substack.com ▸ Read Articles & Go Deeper Website: explaininghistory.org Hosted on Acast. See acast.com/privacy for more information.
