The America that awaits the next president

Art by Gabriella Turrisi

We don't have a winner. At this hour (7:30am Wednesday), we don't yet know who will win the US presidential election, or which party will hold majority control of the next Senate. The result in a number of crucial states remains very much in doubt. It might take days for a final result, and lawyers for President Trump are already contesting the outcome in court.

So, we'll focus this morning on what we know. The next US president, Donald Trump or Joe Biden, will lead a nation with some big challenges, but also some important advantages.

American democracy has suffered damage in recent years. The country remains deeply polarized. A narrow-margin presidential outcome and President Trump's unsubstantiated charges of voter fraud and demand for a halt to the vote count certainly won't change that. There's been a sharp deterioration in US public confidence in political leaders, lawmakers, and the media. Partisan responses to the pandemic have undermined faith in public health officials and expert institutions like the Centers for Disease Control.

The police murder of a Black man in May has further poisoned the attitudes of many citizens toward law enforcement, and the protests and violence that followed have heightened racial tensions and raised questions about the proper role of federal law enforcement — and even the military. The election has raised partisan doubts about the court system, including the integrity of vote-counting.

None of this is entirely new. Those of us old enough to remember Vietnam, Watergate, and the scandals of the Clinton presidency have seen public cynicism and political anger before. Many Americans on the right have mistrusted the media for decades, and many on the left have long vented anger about police. But the "filter bubble" in which both conservative and liberal Americans get their own sets of news and information about the world has sharply exacerbated conflicting views of American life. And today, unlike in the past, there are almost no domestic political issues on which Democrats and Republicans find common ground.

Still, as a global player, the United States enjoys big and lasting advantages. It remains the sole global superpower, the one country that can project political, economic, and military power into every region of the world. Energy production innovations over the past decade have made it the world's top oil producer. The US is the world's number one food exporter and ranks third in the world, behind Singapore and Ireland, for "food security."

The dollar's continued dominance as the world's lead reserve currency allows the US to borrow and spend like no other country. Most of the world's lead information technology companies are American, and the US is home to most of the startups that will drive innovation in artificial intelligence, cloud computing, autonomous vehicles, and other cutting-edge technologies.

But the health of a democracy depends on public confidence in the political system and its institutions. The next president and Congress will have to do more than manage the next wave of the pandemic, help put Americans back to work, handle increasingly complex relations with China, promote greater equality of opportunity, and prepare the country to face future crises from unexpected directions. They'll also need to take actions that somehow persuade more Americans on the left and right that they live in the same country, and have more in common than they realize.

This morning, that hope looks more distant than it did 24 hours ago.

More from GZERO Media

- YouTube

As the candidates make their final arguments in the 2024 US Presidential Election, the economy is front and center on the minds of voters. Despite all signs indicating stable and above-trend growth in the US, many Americans feel uncertain about how well the economy is doing, said Robert Kahn, Managing Director of Global Macro-Geoeconomics at Eurasia Group.

IMF Managing Director Kristalina Georgieva speaks to the media during an International Monetary and Financial Committee press briefing on Friday, Oct. 25, 2024.
Graeme Sloan/Sipa USA via Reuters

At the plenary session concluding the International Monetary Fund and World Bank’s 2024 Annual Meetings in Washington, DC, on Friday, IMF Managing Director Kristalina Georgieva made clear there was no time to rest. Although wealthy countries seem likely to achieve the much-vaunted “soft landing” — reducing inflation without a recession — geopolitical, climactic, and fiscal risks are putting great strain on the world’s most vulnerable economies.

Supporters attend a rally for Republican presidential nominee and former President Donald Trump at Madison Square Garden, in New York, U.S., on Oct. 27, 2024.

REUTERS/Brendan McDermid

With the US election just eight days away, it’s crunch time for the presidential campaigns. Republican candidate Donald Trump headlined a rally Sunday night at Madison Square Garden in New York, a state that last backed a Republican in 1984. Vice President Kamala Harris, meanwhile, was in Pennsylvania, visiting a barbershop and a Puerto Rican restaurant

Japanese Prime Minister Shigeru Ishiba is pictured during a media interview at the headquarters of his ruling Liberal Democratic Party in Tokyo on Oct. 27, 2024.

Kyodo via Reuters Connect

Japan’s Liberal Democratic Party and coalition partner Komeito lost their parliamentary majority on Sunday in an election dominated by economic and ethical issues.

Supporters of the Georgian Dream party wave Georgian and party flags from cars after the announcement of poll results in parliamentary elections, in Tbilisi, Georgia, on Oct. 26, 2024.
REUTERS/Zurab Javakhadze

Opposition coalitions in the country of Georgia and its pro-Western President Salome Zourabichvili are accusing the incumbent Georgian Dream of stealing Saturday’s election, calling the results “falsified” and a “constitutional coup.”

The clock is ticking on efforts to help halt and reverse biodiversity loss, but there’s still time to help support the animals, plants, and ecosystems that are all necessary for a healthy planet. In order to protect biodiversity — every living organism and ecosystem from microbes to mangroves — citizens, companies, and countries all need to do their part. That’s why the Mastercard-led Priceless Planet Coalition is on a mission to restore 100 million trees and regenerate biodiversity-rich forests. Read more about the Coalition's approach and progress.

- YouTube

Delegates at the IMF and World Bank Annual Meetings have been giving rosy outlooks to the press while the cameras are rolling, but GZERO Senior Writer Matthew Kendrick heard a different story in private settings. He told Tony Maciulis that the global outlook depends heavily on US policy continuity — which is highly unlikely under a second Trump administration — and successful efforts in China to revive its own floundering economy.

- YouTube

This week World Bank announced a bold initiative to bridge the gender divide by creating more economic opportunity, broadening female leadership, and reducing gender-based violence in the next 5 years as 2030 approaches.