ABSTRACT
Like Brexit, the election of Donald Trump can be tentatively explained using Polanyi's double movement. The US has been leading the project of liberal globalization since World War II and was largely responsible in the 1970s for the unilateral shift from Bretton Woods embedded liberalism to neoliberalism. This chapter discusses the causes of Trump's election in detail. The main focus is, however, on the disintegrative consequences of Trump (or, if Trump fails, on the likely consequences of the social dispositions and shifts that made his presidency possible). The chapter also discusses the issue of whether global cooperation is possible "after hegemony", as argued by Keohane in 1984 (2005), one of the original authors of hegemonic stability theory. To clarify these continuities, it outlines the logic of hegemonic stability theory and exposes its normative underpinnings and ambiguities. The chapter also explores what exactly does Trumponomics, the economic policies of his administration, mean for the project of neoliberal globalization.
