How steep is Trump’s democratic backsliding?
The erosion of established norms has been dramatic but institutions are holding up
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Is liberal democracy in terminal decline?
The old system worked under a set of conditions that are no longer present
A post-Trump restoration is still possible
His presidency may eventually be seen as an aberration rather than a permanent shift
How to de-risk from America
There is no precedent of a dominant power abandoning its primacy, as Trump is doing
Trump is erasing the global economic order
The US is no longer predictable nor bound by any fundamental principles of action
We must not underestimate the peril for democracy
Donald Trump’s America is a world leader in democratic decline
Affordability is Trump’s problem now
Like every president, he will have to own the political consequences of rising prices