Almost exactly one year ago, we wrote that 2024 would be the busiest political year on record…
…. and it certainly has delivered, including these main highlights.
- The Taiwanese election in January 2024
- Indian elections in April/May
- European Parliamentary elections in June
- The US Presidential Election in November.
So with the main events of 2024 now in the rearview mirror we can conclude that this has been a catastrophic year for incumbents at elections.
And not just in the US where Democrats have lost ground relative to four years earlier, but incumbents have also lost ground in the UK, France, India, Japan and South Africa as well this year.
It gets worse: an even more amazing stat comes from the FT, which reports that every governing party facing election in a developed country this year lost vote share, the first time this has ever happened!
Delusions of Adequacy 
