“The economy” is not, as neoliberalism insists, a distinct sphere that, unlike every other aspect of our lives, operates according to precise mechanical laws.
It is, like any other aspect of our lives—family, art, politics, religion, whatever—a way of expressing our values through the mundane operations of our day-to-day activities. And the value that the US economy expresses is: most Americans are worthless, and can be readily discarded when The Line Goes Down, and can only expect help, if at all, in the form of marginal tweaks to tax credit rates or edits to mortgage lending rules.
So *of course* Trumpism is driven in part by racism, and by reactionary petite bourgeoisie, and elite resentment.
But we do ourselves an immense and politically fatal disservice when we pretend that things aren’t falling apart. Collapse tends to drive at least some people to latch onto movements like Trumpism that (pretend to) offer revolutionary change or, failing that, to burn the whole rotten mess down.
8/8