Between his so-called ‘big, beautiful bill’ and his bombing of Iran, Trump has confirmed he is a man of a familiar past

The convergence of the US Senate’s passage of Donald Trump’s so-called “big, beautiful bill” in domestic policy with his strike on Iran in foreign policy has finally resolved the meaning of his presidency. His place in history is now clear. His rise, like that of a reawakened left, indicated that America was ready to move on from its long era of neoliberalism and neoconservatism. In office, Trump has blocked the exits by doubling down on both.

The first of those slurs, neoliberalism, refers to the commitment across the political spectrum to use government to protect markets and their hierarchies, rather than to moderate or undo them. The second, neoconservatism, is epitomized by a belligerent and militaristic foreign policy. The domestic policy bill now making its way through Congress, with its payoff to the rich and punishment of the poor, is a monument to neoliberalism; the Iran strike a revival of neoconservatism.