I’d be leery of saying that neoliberal capitalism is a failure and just leave it at that, because…

Capitalism was always going to reach a late monopoly stage, which was always going to be a failure. What comes next is socialism or barbarism, and frankly, signs point to barbarism. Fascism isn’t on the rise in Western capitalist states for no reason. The reason is grinding neoliberalism, which is negatively affecting even the petit bourgeoisie.

Trumpism: It’s Coming From the Suburbs

But scapegoating poor whites keeps the conversation away from fascism’s real base: the petite bourgeoisie. This is a piece of jargon used mostly by Marxists to denote small-property owners, whose nearest equivalents these days may be the “upper middle class” or “small-business owners.” FiveThirtyEight reported last May that “the median household income of a Trump voter so far in the primaries is about $72,000,” or roughly 130 percent of the national median. Trump’s real base, the actual backbone of fascism, isn’t poor and working-class voters, but middle-class and affluent whites. Often self-employed, possessed of a retirement account and a home as a nest egg, this is the stratum taken in by Horatio Alger stories. They can envision playing the market well enough to become the next Trump. They haven’t won “big-league,” but they’ve won enough to be invested in the hierarchy they aspire to climb. If only America were made great again, they could become the haute 
bourgeoisie—the storied “1 percent.”