The presidential election on November 5 will be decisive for the United States as well as for the rest of the world. Donald Trump has still not acknowledged his defeat in 2020 and he has led his party into this denial. He has also suggested that he would appoint a myriad of partisan judges and that he could serve more than two terms, which is contrary to the Constitution. In short, his victory would weaken American democracy.
The risk is just as great for America’s allies, as Trump has announced that he will strengthen his country’s trade protectionism and pursue an isolationist foreign policy. His intentions were the same in 2016. But he was an outsider back then, whose victory had long seemed unlikely. Today, his team is better prepared to wield power, and he can count on the support of the Republican Party as well as a good part of the economic elites. The latter are delighted with the promised tax cuts, overlooking the threat they would pose to the sustainability of the American debt.
