As the American empire stumbles towards decline, Mark Fisher’s analysis of capitalist realism, the slow cancellation of the future, where crisis is managed rather than solved, finds its ultimate expression in Trumpism, the rise of the billionaire tech elite, and the ruling class’s increasing reliance on authoritarianism and reactionary culture wars to sustain its grip. This article traces the roots of US decline back to the 1970s, when Nixon and Reagan dismantled the post-war social contract, paving the way for financial speculation, deindustrialisation, and the monopolisation of power by tech oligarchs, before examining how today’s political and economic landscape is setting the stage for fascism.