On Tuesday, while the US was voting, I heard a successful American businessman suggest at a dinner that the election could be framed as a choice between prioritising “capitalism” or prioritising “democracy”.
During the campaign, Democrats often derided Donald Trump for his perceived onslaught on democracy, while Trump attacked Kamala Harris for her allegedly pro-government, anti-capitalist stance. Hence those “Comrade Kamala” memes.
And while both candidates vehemently rejected those caricatures, the mudslinging seems to have stuck, at least in the minds of many business leaders and investors. Just look at the surge in stock prices after the election result, as investors concluded that Trump will be pro-growth and pro-business.
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