The fascism of the 1920s and 1930s, Ilyin’s era, had three core features: it celebrated will and violence over reason and law; it proposed a leader with a mystical connection to his people; and it characterized globalization as a conspiracy rather than as a set of problems. Revived today in conditions of inequality as a politics of eternity, fascism serves oligarchs as a catalyst for transitions away from public discussion and towards political fiction; away from meaningful voting and towards fake democracy; away from the rule of law and towards personalist regimes.

