Why America’s Two-Party System Will Never Threaten the True Political Elites

Whenever a new US president is sworn in, media pundits and court historians gush about the supposed “peaceful transfer of power” that is taking place. This has become a key tenet of the mythology and ideology surrounding democracy—that governing elites willfully abandon their control over the machinery of the state in response to election outcomes. 

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Attila Rebak is a capital markets professional with more than 30 years of experience in investment manageme