Regular readers of this report are probably aware of our worldview. We believe that the ultimate world order, borrowing the words of Francis Fukuyama, the end of history, is liberal democracy combined with effectively functioning markets. This tenet rests on a simple approach, which goes something like this: the fundamental duty of every government is to enhance the wealth and well-being of its citizens.
Addressing the US election on a state-by-state basis is for other more qualified souls. Our broad take on it is endeavoured below and followed up tomorrow. However, at time of press there is a growing opinion that Donald Trump, by a close margin, will regain the White House after four years of being sidelined. Well, if one cannot believe the polls, which can be so hilariously wrong, have faith in the betting exchanges.
Today’s US Presidential Election is considered to be the most consequential one since World War II with evidently far-reaching reverberations around the US and the world. What is at stake is whether the next occupant of the White House will be a predictable Democrat or a disruptive and divisive Republican. The outcome will likely be decided by a handful of votes in a handful of states.
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