Growing up during the Cold War, I remember the fear associated with a nuclear Armageddon. One of the movies that stayed with me was “The Day After,” a 1983 made-for-television movie that is still among the most-watched in history; some 100 million people watched the initial broadcast.
In reality, the election of one of the least popular and most controversial candidates in anyone’s memory to the White House has triggered a flurry of predictions that veer from one to another extreme: Either the movie version of Armageddon for financial markets, trade, immigration and geopolitical relations; or, an almost Pollyanna-like view of the checks and balances built into our democracy. Those who are farthest from Washington, especially those abroad, retain an almost religious belief that democracy with a capital D is inherently resilient enough to absorb a populist revolution. My own take is more reserved.
I have long argued that uncertainty would be high, regardless of who won this close and historically divisive election on November 8.