The zero-sum game investors are betting on

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Financial Times 1d ago

The zero-sum game investors are betting on - Financial Times

Quick Summary:

Even America’s superior growth record was insufficient to re-elect the Democrats since inflation had eroded voters’ standard of living.

As has been seen in Hungary, governments can maintain their own rule by undermining such bulwarks of a liberal democracy as a free press or an independent judiciary.

But the need for immigration has led to a politically toxic debate in which anti-immigration parties are steadily increasing their vote, something that makes the formation of a stable government even more difficult.