By Youssef Shawky Magdy, Hampton Think
After Donald Trump won 2016 elections, many theorizations emerged about the rise of the right in the capitalist West. This was exacerbated by Boris Johnson’s victory in Britain, and the vision became clear that there would be a tug of war between a US-British economic and political alliance against Europe under the leadership of Germany. In addition to the rise of the right-wing movements in many European countries as Germany itself and France (some expected Marie Le Pen would win or that Le Pen will succeed Macron). But what does the rise of the right mean basically?
Since the end of the nineteenth century, the period of competitive capitalism ended and capitalism has been entering the framework of monopoly capitalism, which was characterized by the close union of financial and industrial capital. Lenin wrote about that stage, stressing its close connection with imperialism, and we still live in the highest stage of capitalism with the change of imperialism from a national situation to a globalized one. The question here is when does “fascism” — or what can be called more broadly the “savior right” — rise?