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American Prestige

Bonus - Political Capitalism and Trumpism w/ Dylan John Riley (Preview)

American Prestige

Daniel Bessner & Derek Davison

News, History, Politics

4.81.2K Ratings

🗓️ 7 June 2026

⏱️ 10 minutes

🧾️ Download transcript

Summary

Subscribe now⁠ for the full episode. Danny and Derek welcome to the podcast sociologist Dylan Riley for a conversation about political capitalism, Trumpism, and the crisis of American capitalism. They talk about debates over the falling rate of profit and the long downturn; what shapes the capitalist crisis; the rise of asset price inflation, monopolization, and financialization; whether AI and data center investment represent a new bubble; corruption in the second Trump administration and how it fits into political capitalism; and more. Read Dylan’s piece co-authored with Robert Brenner in New Left Review, “The Long Downturn and Its Political Results.” Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

You're listening to American Prestige. To listen ad-free, you can subscribe at Americanprostagepod.com. Find the link in our show notes.

0:11.9

So I think now it's time to turn to this fascism issue because you've been such a major writer on it.

0:17.8

We've never had it before. I take the heart. It's not fascism line.

0:22.9

As people listening, no, I think it just really occludes what's happening. But I think in the

0:30.7

second Trump term, particularly with the ICE abuses that we saw all over the country, but particularly

0:36.8

in Minnesota,

0:38.4

and Trump coming in really guns blazing,

0:41.8

but seemed like, I think again,

0:44.3

this historical comparison doesn't really hold up

0:46.3

to even that much scrutiny,

0:48.0

but gangs of men working for ICE

0:53.6

raised the fascism question again.

0:55.0

But I'm curious how your thinking began on this

0:58.0

and how it has evolved since Trump 2.

1:02.0

Well, yeah, I'm just gonna say that there's a couple of different points

1:10.0

I'd like to make on this.

1:11.0

The first one is I think that we should probably be,

1:14.1

we should probably make a very important analytic distinction

1:16.9

between fascists and fascism as two different things.

1:23.6

My own view is that it is undenial,

1:26.5

like if you think about someone like Stephen Miller,

1:28.5

that person seems to me to be a fascist, right, in the sense that he's articulating a kind of,

...

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