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Title: Alex Soros Shocked That the Incumbent Political Order Is Being Crushed Around The Globe
Source: [None]
URL Source: https://www.zerohedge.com/political ... der-being-crushed-around-globe
Published: Nov 7, 2024
Author: Tyler Durden
Post Date: 2024-11-07 23:38:24 by Horse
Keywords: None
Views: 31
Comments: 7

Almost exactly one year ago, we wrote that 2024 would be the busiest political year on record...

.... and it certainly has delivered, including these main highlights.

The Taiwanese election in January 2024

Indian elections in April/May

European Parliamentary elections in June

The US Presidential Election in November.

So with the main events of 2024 now in the rearview mirror we can conclude that this has been a catastrophic year for incumbents at elections.

And not just in the US where Democrats have lost ground relative to four years earlier, but incumbents have also lost ground in the UK, France, India, Japan and South Africa as well this year.

It gets worse: an even more amazing stat comes from the FT, which reports that every governing party facing election in a developed country this year lost vote share, the first time this has ever happened!

According to Deutsche Bank, it’s also the first time since the late 1800s that the incumbent party in the White House has lost three consecutive presidential elections.

A fascinating stat. So why is this happening across the world? Accord to Jim Reid there are three things going on:

The economy is a big factor for most if not all countries here, and growth has slowed down relative to previous decades. That’s left voters disappointed, having not seen gains in their living standards that they’d previously been used to. Even though growth is stronger in the US, voters have not tended to suggest this when polled, and have certainly highlighted inflation and the cost of living as a big issue. Immigration. Many voters have been concerned that incumbents have no solution to their concerns over migration.

Selected mismanagement claims and domestic scandals. This is clearly not the case everywhere, but it's cost incumbents in several countries. Voters in general have become much more willing to change their vote from election to election. A smaller share of the electorate vote the same way all the time, meaning it’s easier to see big swings from one election to the next, as there’s now more swing voters up for grabs. Overall, it feels like voters have ignored the extremely generous handouts after Covid - which ultimately sparked the biggest inflationary tsunami in 40 years - and instead focused on the costs of these in the aftermath. The top cost likely being inflation, and although it’s fallen back now, voters experience this on a cumulative basis, rather than a 12-month basis as economists often analyze.

The interesting question is whether this trend will continue. The fact that this is the first time in over 120 years that the US incumbent party has lost three times in a row might hint at a more structural problem where politicians are unable to deliver against expectations in a world of lower growth and fairly regular shocks.

Maybe, as Jim Reid concludes, James Carville's "It's the economy, stupid" remains the key going forward. A world where productivity growth remains low doesn't help any incumbent promising a brighter future. So if we do get a productivity miracle at some point from AI then maybe promises can be kept. Then again, to assume that a bunch of woke chatbots can revolutionize the way we live and work, may be even more naive than thinking Kamala Harris could defeat Donald Trump.

One thing is certain: any political phenomenon which has even Alex Soros - who just wasted $1 billion backing the biggest Democrat loser in recent history - shocked that people everywhere are fed up with leaders who put globalist agendas above their own citizens, and are finally voting for leaders who actually serve them...


Poster Comment:

Charts at source

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#1. To: All (#0)

https://www.zerohedge.com/medical/judge-denies-astrazenecas-motion-dismiss-vaccine-injury-case

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The Truth of 911 Shall Set You Free From The Lie

Horse  posted on  2024-11-07   23:40:54 ET  Reply   Trace   Private Reply  


#2. To: All (#1)

https://www.zerohedge.com/markets/john-fetterman-calls-constituents-dipshits-how-they-voted-post-election-rage-tweet

John Fetterman Calls Constituents 'Dipshits' For How They Voted In Post- Election Rage Tweet

"Green dipshits’ votes helping elect the GOP."

The Truth of 911 Shall Set You Free From The Lie

Horse  posted on  2024-11-07   23:42:01 ET  Reply   Trace   Private Reply  


#3. To: All (#2)

https://www.zerohedge.com/political/arizonans-approve-police-arrests-illegal-entrants-right-abortion

Arizonans Approve Police Arrests Of Illegal Entrants, Right To Abortion

Both ballot initiatives passed with the broad support of voters.

The Truth of 911 Shall Set You Free From The Lie

Horse  posted on  2024-11-07   23:42:58 ET  Reply   Trace   Private Reply  


#4. To: All (#3)

"Politics is the womb in which war develops." -- Carl von Clausewitz

The Truth of 911 Shall Set You Free From The Lie

Horse  posted on  2024-11-07   23:43:55 ET  Reply   Trace   Private Reply  


#5. To: All (#4)

https://citizenwatchreport.com/liberal-women-all-over-america-are-going-on-a-nationwide-sex-strike-to-punish-men-for-voting-for-trump/

Liberal Women All Over America Are Going On A Nationwide Sex Strike To Punish Men For Voting For Trump

Do they actually think that their plan will work? During this election, women overwhelmingly supported Kamala Harris and men overwhelmingly supported Donald Trump. So now some liberal women have decided that it is time for a nationwide sex strike in order to punish men for voting for Trump. Yes, they are quite serious about this…

The Truth of 911 Shall Set You Free From The Lie

Horse  posted on  2024-11-07   23:45:15 ET  Reply   Trace   Private Reply  


#6. To: Horse, 4um (#5)

Good riddance.

“The most terrifying force of death comes from the hands of Men who wanted to be left Alone.
TRUE TERROR will arrive at these people’s door, and they will cry, scream, and beg for mercy…
but it will fall upon the deaf ears of the Men who just wanted to be left alone.”

Esso  posted on  2024-11-08   0:05:10 ET  Reply   Trace   Private Reply  


#7. To: Esso (#6)

I assume Dr Kimmy voted for Trump.

The Truth of 911 Shall Set You Free From The Lie

Horse  posted on  2024-11-08   1:08:48 ET  Reply   Trace   Private Reply  


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