
It’s interesting that even as the world gets more connected, it seems to be getting more unpredictable. We have had a string of recent elections with outcomes that went contrary to expectations, and the latest midterm elections are no exception.
In essence, there were expectations of a massive ‘red wave’ which would propel Republicans to control of the House and Senate. Instead, it looks more like a ‘red ripple’ as Republicans are likely to take control of the House with a small majority but fail to win the Senate. They also made gains in states like Florida and the northeast corridor due to gains among non-white voters and the rising salience of issues like crime and inflation.