Two vastly different economic and political systems are clashing in the West: globalism with its multinational elites and global banks headquartered in Europe and the U.S.; and nationalism, embodied by the American system under President Trump, aiming for national sovereignty, traditional values and self-governance.
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Especially since the mid-1980s, globalism has slowly eroded the economic strength of Western production and caused an unprecedented wealth transfer to the ultra-rich. The transnational, borderless corporate model has outsourced Western industries to low-cost countries such as China, which has impoverished the Western worker. While no longer paying taxes to specific nation states, these internationalist monopoly corporations are often registered in tax havens.
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This program of a globalized economy has caused a historic wealth transfer to what we today call the billionaire elite, which I have discussed in my bestselling book, "The Billionaire World. How Marxism Serves the Elite." (2023) Atheist socialism-communism has been applied by the elites to crush precisely the traditional values that built the successful Western civilization.