Traditions of thought, such as liberalism and realism, have recently evolved into not quite as easily definable concepts as they relate to modern political thought movements. Aspects of the modern political movements as seen today seem to lend themselves to a more totalitarian quality than in the past. First, the protesting of the Dakota Access Pipeline and the fact that social media, a technology and thus a liberalizing tool, is not used to flatten the world is a small example of how the dominant tradition of thought today is not so easily definable. But, more crucially, modern political movements, such as the Bernie movement and the Trump movement, as they pertain to the destabilization of the traditions of thought, prove that there is a contemporary appetite for totalitarianism.
The early days of the Trump administration, market euphoria was in full effect. In a matter of months after Trumps election the S&P 500 rose by about 30 percent. However, come February, volatility started to spike and the S&P 500 lost 10 percent in about two weeks. This was due to treasury yields approaching three percent which is the highest it's been in recent years along with deficit spending and unclear expectations of what is to come in the near future regarding interest rates, debt, and inflation. The Trump spending plan, that is characteristic of a struggling economy in need of stimulus, in the midst of a very healthy economy could lead to hyper inflation and an increasingly scary debt. Some of these fears were sparked by some political decisions backed by Trump and the Republican Congress. They decided to go forward with tax cuts while simultaneously increasing government spending which will do a number on our already huge deficit. Not to mention the increasing interest rates meaning the treasury will have to pay more on this debt. The economic and financial scene in current times look a lot different than they did when Obama was in office.