But the dangers of what Roubini calls “populism,” by which he essentially means fascism, are very real. The danger of fascism will grow if the current demonstrations and rebellions don’t lead to a rapid revival of the workers’ movement, not only in the trade union sense but above all in the political sense. If the workers’ movement revives, it will open the door to the resolution of the current ecological-biological, economic, and political crises in the form of the U.S. and global socialist revolution. This is not, however, an outcome that Mr. Roubini particularly relishes. Instead, he hopes for a solution that will somehow revive capitalism without fascism and war.
Emphasis Mine
The danger in the USA is that Trump loses control of his base of lumpen-proletariat and petite-bourgeoisie classes. This would open the door to a more Fascist leader. Trump is an opportunist. Some say he is a Bonapartist except that he does not unify the nation.
Already, I am seeing videos on Youtube decrying the surrender of the state to the BLM protestors with the modest reforms being proposed. These reactionaries are most affronted by footage of police kneeling with protestors. The reactionaries call this act kow-towing. They are outraged. They do not see the inherent meaninglessness of the act.
And, most dangerously of all, there are fantasists putting out videos of them saying that they have turned back busloads of Antifia activists from pillaging and burning their communities. No actual footage of this is provided. These fantasists are fuelling the propaganda on the Right.
However, no-one is blaming Trump for the failure to reign in the current insurrection. Whereas in the UK, people are blaming the Conservatives for the failure to do so. This may account for the renewed urgency on Brexit negotiations.
Will opines further:
This is why the current rebellion sweeping the United States of America, still by far the most powerful imperialist country in the world, is so important. Will this rebellion be a herald of a movement towards the socialist transformation of the United States and the world, or will it end in a new, if brief, stabilization of American and world capitalism such as Roubini is hoping for in the 2030s? If something like this were to occur, it would very likely be but a prelude to the final collapse of our civilization. And this as far as capitalism is concerned is the very best case.
Emphasis Mine
Yes, there is economic and ecological instability within Capitalism, but there is no political instability as the overwhelming majority is still in favour of Capitalism. At this stage, some minor political realignment may occur.
My main fear is with the possible rise of right-wing paramilitaries who see themselves as replacing the police in quelling the insurrection as in the case of the Freikorps.
By unknown photograther - http://farm4.static.flickr.com/3160/3053216221_576264dcf2.jpg, Public Domain, Link