美國政治

Is the US starting to resemble an emerging market?

Political risk and volatility are on the rise as the country’s divisions begin to deepen

I used to scoff at colleagues who, following the election of Donald Trump, predicted that the US would someday splinter into separate states. I am not laughing any more.

Supreme Court rulings over the past few weeks have deepened the fissures that have been opening up in America for years. These are rooted not just in Trump’s election and the progressive backlash to it, but can be traced right back to the 2008 financial crisis.

Policy decisions made by both Republicans and Democrats since then (including the bailout of banks rather than homeowners, and big corporate tax cuts) have eroded trust in American institutions, which is now at a record low, according to Gallup.

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