this post was submitted on 14 Oct 2024
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[–] xiaohongshu@hexbear.net 9 points 1 month ago* (last edited 1 month ago)

If after Trump they can find a new figure who can re-capture the appeal of the bourgeois elites, or if the Harris administration failed so badly that they ended up worse than Trump (never say never because the blowbacks in a multi-front war can be very real), then it’s a possibility.

But the paradigm shift right now happens because Biden has managed to regain the confidence of the bourgeois class - the war in Ukraine propelled weapons sales and defense contractor stocks through the roof, the US regaining its leading role as a global net exporter of oil and natural gas after the fossil fuel industry (literally the Bush family stronghold) got screwed hard by Trump, the national security state getting its wishes of finally having a war with Russia and Iran (and soon China), and the Wall Street are having fun with Bidenomics handling the inflation by sacrificing the working class to make the line go up. S&P has never been higher especially under such high interest rates and inflation.

All the bourgeois bases are consolidating around Biden’s performance, compared to how Trump had utterly failed advancing all of their interests from 2016-2020.