The global liberal elite is experiencing deep-seated fear at the prospect of a Trump 2.0 scenario, particularly following his resounding victory in the Iowa caucuses. This triumph looms large over the lavish gatherings and extravagant parties of the corporate world in Davos, Switzerland, where political leaders, business elites, and tech moguls convene annually. Despite the vast cultural differences between Iowa and Davos, the two worlds collide as figures like David Cameron, Tony Blair, and the likes of US Secretary of State Antony Blinken share the spotlight with Davos’ “bad boys,” including the populist Argentinian president Javier Millet and Saudi Prince Mohammed bin Salman.
Amidst the indulgence of vintage champagne, there is a palpable concern among global elites about how to “rebuild trust.” The World Economic Forum’s slogan, though, seems detached from reality, considering the scarcity of trust in the international system and the challenges of finding affordable accommodations in the Swiss mountain town overrun by affluent guests.
The undeniable resurgence of Donald Trump as the Republican candidate, confirmed by his Iowa victory, has been a source of dread for liberals worldwide. Even with competitors like Ron deSantis and Nikki Haley in the caucuses, their combined votes couldn’t match Trump’s support within the Republican base.
The potential return of Trump in the upcoming US presidential election seems unstoppable unless he faces serious legal consequences related to the January 6 insurrection and voter fraud. Trump’s disruptive approach to politics, characterized by fire and fury, poses a threat to the established norms of globalization, leading figures like Christine Lagarde to view a Trump 2.0 presidency as a genuine threat.
Reflecting on Trump’s first term, where he felt restrained by the presence of moderates in the White House, it is unlikely he will make the same error again. A new Trump presidency has far-reaching implications, including its impact on the war in Ukraine, which Trump has claimed he could resolve in a day, raising concerns of a one-sided deal favoring Moscow.
“In the lavish world of Davos, where vintage champagne flows and elites fret about trust, the resounding echoes of Trump’s Iowa triumph disrupt the corporate feast, casting a shadow that even the ‘bad boys’ of Davos can’t overshadow: the undeniable comeback of Trump 2.0.”
The consequences of a Trump comeback extend to various global issues, influencing debates in Congress, such as the struggle to secure the next major defense funding package for Kyiv. The once-heroic image of Ukrainian President Zelensky is now overshadowed by a more defensive and embattled presence in discussions about the impossibility of a deal with Russia.
Among the glamour and superficial discussions, the presence of guests like the Israeli delegation, bringing families affected by the Israel-Gaza crisis and the parents of imprisoned journalist Evan Gershkovich, serves as a stark reminder of the real-world issues at hand. The Iowa surge has disrupted established expectations, prompting even lifelong Republicans like Anthony Scaramucci to declare support for Biden and campaign against his former ally, Trump, to avert a potentially more damaging second act.
Trump’s love-hate relationship with Davos remains a constant amid the tumultuous global landscape. His arrival in 2020, marked by an imperial wave and a showy “America First” speech, exemplifies his penchant for spectacle. However, this time, his boastful proclamation of being “Number One in the Universe” resonates with a sense of foreboding, as the prospect of a Trump comeback seems less humorous and more threatening.