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And so it has come to pass.” That was a text I received on Wednesday from my creative partner on Obamaland, a satirical comedy now on Amazon Prime, and a film I promote whenever I can get away with it. In my October article titled “Political instability and Market Stability,” I pointed out that the market is divorced from politics and that, despite political instability, the market will hold. This thesis was predicated on the assumption that both investors and non-investors alike already know that our democracy is broken. Indeed, whatever faith in our system remained, Trump has worked tirelessly to erode. President-elect Joe Biden can speak in good faith ad nauseam about how this week’s ghastly display does not reflect who we are as a nation that somehow the exceptional American character that fawning Frenchman Alexis de Tocqueville described so eloquently is still within us but we all know that this is just not true.

United statesAngela whiteMichael brownRudolph giulianiJoe bidenSam harrisGeorge floydTrumpian qanonAlice fulwoodRichard nixonRepublican partyObama justice departmentAmazon primeMarket stabilityFrenchman alexis de tocquevilleCapitol building