Welcome to Cataclysm Capitalism: Confronting the dangerous merger of neoliberalism and the Silicon Valleyfar-right
far-right
by Julia Steinberger & Céline Keller
06.11.2025
According to Julia Steinberger, Professor of Societal Challenges of Climate Change at the University of Lausanne, and political graphic artist, expert in wealth-warped worldviews and climate activist Céline Keller, we have entered a new economic era: that of ‘cataclysm capitalism’—a merger of neoliberal and far-right ideology espoused by the ‘tech bros’ of Silicon Valley. Going even beyond previous neoliberal efforts to curb the capacity of democracies to enact pro-social and pro-environmental regulation, cataclysm capitalism dispenses with any illusion of ultimately serving the greater good. Entire categories of human beings are deemed dispensable, along with a livable planet. The authors argue our current politics and academia are ill-equipped to face the speed and scale of this new threat. To counter it, more people need to understand what we are up against, and organise around a positive alternative vision worth fighting for.
Note: This blog entry is an extended version of a recent Guardian column [i].
The ground is shifting beneath our feet so fast that it is dizzying: reading a newspaper or opening social media feels like embarking on a stomach-churning rollercoaster ride, except instead of drops, loops and twists, we plummet through genocide, planetary destruction, and the erosion of democracy and rule of law. Like in the first lines of Muriel Rukeyser’s poem I lived in the first century of world wars: “Most mornings I would be more or less insane.” [ii] (The whole poem is well worth reading.)
For anyone who wants to create a better, more equal, safer future, who wants to believe in the goodness of humanity, who wants to use their reason and emotions to make sense of the swirling evil chaos, and find some way forward, some meaning to life, these are crazy-making times. Domains we are taught from infancy to regard as separate—the economy, politics, war, environment, social relations, philosophy, science, culture, communication—all come swirling together, in ways that make the previous campaigns around socialism, labour rights, human rights or ecology, seem both quaint and obsolete, like Don Quixote tilting at windmills.
Here the warning words of Ngũgĩ wa Thiong’o in Decolonising The Mind [iii] ring loud: “Possibilities of triumph or victory are seen as remote, ridiculous dreams. The intended results are despair, despondency and a collective death-wish.” Keeping alive the “possibilities of triumph” is thus a vital act of resistance in itself. Indeed, later on, Ngũgĩ wa Thiong’o explains “Any blow against imperialism … is a victory for all anti-imperialist elements … The sum total of these blows not matter what their weight, size, scale, location in time and space makes the national heritage.” We would substitute “human dignity” for “national heritage”, but you get our point. [It is worth noting that Ngũgĩ wa Thiong’o’s argument on resistance is echoed in international law (both UN General Assembly Resolution 2625 and the Universal Declaration of Human Rights). Violence against civilians is in all cases prohibited by the Geneva Convention.]
If you are like us, you cling like a drowning person to anyone who can help make sense of even some facets of our times. The thinkers, mainly historians, who have already contributed to this “Fascism and Liberalism” blog are some of these beacons in the dark for us: the words of Nancy MacLean, Natascha Strobl, and Clara Mattei help us understand and navigate the perfect storm of our time.
Our goal in this piece is threefold: to illuminate the confluence of neoliberal and Silicon Valley far-right, and the existential dangers of this merged ideology; to cover how ill-equipped our current polities and academies are to face this new threat; and to present some ideas for fighting back. Ready for a different kind of roller-coaster? Let’s go.
Trump’s Democracy-dismantling Alliance of Fossil Companies, Tech-Bros, and Billionaires
Everything is moving too fast. The Trump administration has torn through US government, universities and health organisations, firing tens of thousands of employees, jailing migrants and dissidents, eliminating billions in funding, destroying core science and health infrastructure, intimidating universities into silence and complicity. Israel, with full US support, is enacting genocide in Gaza, attacks on the West Bank, and bombing-territorial raids on Syria, Lebanon, Qatar and Yemen. Russia’s attacks on Ukraine are ramping up, with no end in sight. Major corporations and world governments have given up the slightest pretence of taking the climate and ecological crises seriously.
The EU block, led by the supposedly enlightened Ursula von der Leyen, is following all of these trends: steadfast in its support of Israel, attacking dissidents and progressive NGOs, and swinging hard to the neoliberal right, following Mario Draghi’s disastrous “Competitiveness Compass.” [iv] This report has been treated as a serious, grownup technocratic piece of policy guidance, but it is soaked through with neoliberal fervor for social and environmental deregulation, and enthusiasm for the same technologies as Trump-Musk: AI, space, automation, military build-up. Planning and regulation are shamelessly mobilised for technologies serving powerful elites, while the rest of the population is sacrificed on the deregulation altar of social austerity and accelerating ecological impacts.
The scope and speed of the attack is dizzying. It is almost impossible to keep up with the ongoing destruction, let alone to organise the resistance. None of this is accidental.
We need to understand the why and how of the Trump blitzkrieg to counter it in the US and recognise it fully in the EU. The dizzying pace of the attack can be traced to Trump’s long time strategist Steve Bannon, a self-described “accelerationist,” and aligns with his information warfare tactic to “flood the zone with shit,” to confuse, disengage and disorient. Whether on climate or Covid, rumours, lies and, conspiracy theories create a chaotic cacophony, leaving the public disoriented, fearful, and prey to oversimple Trumpist messages: blame the woke, the migrants, the trans, the Muslim, the doctors, the scientists. Now we can understand why Musk bought Twitter/X: to support Bannon’s shit-flooding agenda.
Within the accelerating chaos, there is a deliberate pattern, a plan. Last autumn, two major forces of Trump world came together during the “Reboot 2024” conference: the fossil-fuel funded Heritage Foundation, author of the “Project 2025” plan for Trump’s first year in office, and the billionaire tech magnates, like far-right Peter Thiel and his favoured theorist, Curtis Yarvin. Although we don’t know exactly who attended or what was said, the meeting clearly proved decisive. Subsequently, the tech magnates poured generously into Trump’s campaign, with Musk alone donating more than $250 million.
What we now see being implemented is a collaborative effort: the hostile government takeover described in Project 2025, merged with Yarvin and the tech bros dream to “reboot” a whole country, replacing the outmoded “democracy software” with something far less accountable and more business-friendly. Or, to be precise, more friendly to their business: regulatory positions eliminated, enabling cryptocurrency to bypass democratic oversight, dismantling public agencies like NASA to favour Musk’s SpaceX, meanwhile replacing fired government employees with their own AI products. Musk’s chosen name for his Trumpland operation, Department Of Government Efficiency, is, of course, a corrupt advertisement for his own cryptocurrency DOGE, but it is also a clear nod to Yarvin’s RAGE, Retire All Government Employees.
With the neoliberal Heritage Foundation and the tech billionaires setting the course, many industries are sensing the winds of change. Major companies are no longer even bothering with greenwashing or statements of green investments, they are dropping all pretence of responsibility for a liveable world. The climate and ecological implications of this shift are as disastrous as they are deliberate. We need an appropriate name for this new era of fossil companies’ and tech bros’ accelerating attack on democracy and the planet: perhaps cataclysm capitalism will do.
What is new about Cataclysm Capitalism?
Cataclysm capitalism is the worthy heir to neoliberalism and its disaster capitalism. As Naomi Klein described in her epoch-marking Shock Doctrine, neoliberal economic ideology took advantage of crises to deregulate economies, privatise public services, hobble trade unions and civil society, and generally create conditions that were ideal for private wealth accumulation and disastrous for equality, work and welfare. Cataclysm capitalism does all of this, but goes several steps further. The pace of change is accelerated, the dismantling of public institutions more complete, the attack on democracy more overt. Entire industries are captured, like social media, with the goal of forever dominating the information space and imposing pay-to-participate monopolies. Perhaps the most frightening aspect is that the industries laughing in the face of planetary and social destruction have made a clear calculus: they don’t need prosperous economies to profit. Neoliberalism at least claimed to be serving a form of greater good via rapacious market dominance. Cataclysm capitalism is dispensing even with even this illusion.
The fossil-fuel companies, the right-wing tech magnates, the financial companies hurrying in their wake, like the global giant BlackRock, have convinced themselves that they don’t need prosperous economies to prosper themselves. They have learned to profit from disruption, destruction and misery. They know from experience that immiserated populations still have human needs, and therefore will endure exploitative working conditions and go deep into debt to keep themselves and their families alive. And so what if multitudes fail and die, from lack of food, healthcare, climate disasters or some combination thereof? Many of the cataclysm capitalists are modern-day eugenicists. According to their belief system, those who will die from the hardships they are creating are by definition weak and undeserving of life. It doesn’t hurt that a major growth sector of cataclysm capitalism is security, public or private. After all, someone has to keep the hungry mobs away from the palaces of the elites. A key harsh lesson here is that those with the most wealth and power have already reconciled themselves to the sacrifice of the rest of us, ideologically and economically. The greater good is antithetical to their vision.
Paradoxically, the creation of vast economic insecurity secures right-wing and even far-right politics. As Karl Polanyi pointed out in his epic “Great Transformation,” this was already a major factor in the rise of Hitler in Germany. Voters in a constant state of fear and stress, without a clear understanding of the political system that is creating the hardships from which they are suffering, are an easy, indeed ideal, prey for far-right rhetoric blaming migrants, woke, trans and so on for all their ills. Sadly, since neoliberal ideology has devoured previously center-left factions (of the UK Labour party as of the US Democratic party), we are left with much less of an organised opposition, and much more of a pipeline to accelerating disaster. The EU as a block, following Draghi’s Competitiveness Compass, marches along in lockstep.
The picture we present is grim, but clear enough. We are faced with an organised plan of hostile takeover of democracy, coupled with a dismantling of the economy in favour of the sectors and industries most beneficial to the fossil-fuel and tech magnates, to our detriment and the detriment of all life on Earth. What can we do? What should we do? We propose a three-pronged plan to start. This is by necessity short and schematic, but hopefully enough for you to get started.
Three Steps to Counter the Cataclysm Capitalists’ Attacks on Democracy
First, understanding is power. We need to learn more about the devourers of our world, from the fossil fuel think tanks of the Atlas Network to the far-right tech accelerationists. We need to explain to our fellow citizens who we are facing, and what their ultimate plan is. Replace helpless fear with knowledgeable anger.
Second, we need to organise, come together, in trade unions, in neighbourhood groups, in any and all collectives we can form. Since almost all of us, at this point, were raised in neoliberal cultures of individualism and isolation, organising sounds dauntingly foreign and difficult. It might be helpful to learn that our social ineptitude was created by design, not by accident, and is integral to the endeavour of disaster capitalism. In reality, human beings are among the most cooperative animals, with impressive innate capacity for dialogue and collective decision-making. Quite literally, organising is what we, as social animals, were born to do. At its most basic forms, organising consists in gathering people, raising awareness of the causes of our common problems, discussing possible avenues of action, putting them into operation. Rinse, repeat, make it part of your life’s hobbies and work. Because it is work, no doubt, but it is also social, and should include plenty of fun and more light-hearted moments and activities.
Third, we need to respond to the Trump-Musk project at the strategic level, not blow by blow. We know we can expect nothing but destruction and corruption from them: we have to put forward a positive vision, worth fighting for. We would describe it, from the perspective of research on well-being within planetary boundaries, as scientifically-informed democratic decision-making for the common good. This also means creating our own organisations for mutual aid and protection of the vulnerable. We have everything to lose if we don’t, and everything to gain if we do.

Julia Steinberger is Professor of Societal Challenges of Climate Change at the University of Lausanne

Céline Keller is a political graphic artist, expert in wealth-warped worldviews, and climate activist
References/Further Readings
- [i] Steinberger, Julia. 2. April 2025. Trump and Musk have ushered in the era of cataclysm capitalism. But I have a plan to counter it. The Guardian. https://www.theguardian.com/commentisfree/2025/apr/02/donald-trump-elon-musk-capitalism-us-democracy
- [ii] Rukeyser, Muriel. 1968. “Poem (I lived in the first century of world wars).” In: The Speed of Darkness.
- [iii] Ngũgĩ wa Thiong’o. 1986. Decolonising the Mind: The Politics of Language in African Literature. London: James Currey / Boydell & Brewer, pages 2-3.
- [iv] European Commission. 2025. The future of European competitiveness. Luxembourg: Publications Office of the European Union. https://commission.europa.eu/topics/eu-competitiveness/draghi-report_en
