What does Donald Trump's victory tell us about what leaders do to sweep elections, lose them, or win but sort of underwhelmingly? Think Trump now, Rahul more often than not, and Narendra Modi in June this year.
The first lesson from the spectacular Trump win is the formula of three pillars for a successful campaign. Let's say nationalism, triumphalism and cynicism. To see how it works, look at the MAGA (Make America Great Again) concept. That America deserves to be much greater than it currently is represents nationalism. That it will be made great again - harking back to some not-too-distant glorious past when America was the tops - is triumphalism. Always declare victory before the fight begins.
And if you argue that America was already great, its economy growing rapidly - having grown to almost twice the Eurozone's gross domestic product (GDP) compared to about 50 per cent in 2008 - its stock markets booming, and its leadership in technology and innovation lighting up the world, I will show you what cynicism is. In electoral nationalism, my nation is never great enough until I am in charge. Then, it will be so much better.
As we jump continents and switch to India, we can see why Rahul Gandhi was devastated in 2014 and 2019, while Modi did so well. And then, why did Modi fall so short of his own expectations - and of those of the markets and pollsters - in 2024? That 240 was a disappointment for him. A victory on points was a letdown for one used to delivering quick knockouts. What brought him to that pass?
Denne historien er fra November 09, 2024-utgaven av Business Standard.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra November 09, 2024-utgaven av Business Standard.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
False solutions for climate change
As the ghastly impacts of climate change become more visible in our everyday lives, it is hard to shake off the feeling that one must step up and do something constructive.
Expats to residents, Delhi's air is driving people out
Embassies have stepped up efforts to deal with the situation; WFH option has residents temporarily relocating to their hometowns
Making sense of census
For all marketing professionals working in large companies, the population census of India is a treasure trove of information.
MONEY CAN BUY YOU STARS
What's behind West Asia's multi-billion charm offensive to become a destination for all kinds of sports stars?
Ensure low tracking error, alignment with risk appetite
Exchange-traded funds (ETFs) witnessed a sharp rise in subscriptions in October, with net investments totalling ₹13,441 crore, compared to ₹381 crore in the previous month, according to data from the Association of Mutual Funds in India (Amfi).
Strong order book to stand BEL in good stead
Brokerages mostly positive on the stock
Strong Q2, growth outlook drive gains for Info Edge
The stock of online classified major Info Edge (India) was up over 6 per cent on Friday on expectations of demand improvement for Indian IT companies.
Regulator nod to Roshni Nadar to acquire majority stake in HCLTech
The Securities and Exchange Board of India (Sebi) on Friday gave nod to Roshni Nadar to acquire majority shareholding from her father Shiv Nadar, founder of HCL Group, in two promoter group companies.
Green energy stocks fail to benefit from selloff in Adani Green
Six of the eight stocks operating in the green energy space declined on Friday, failing to benefit from the rout in Adani Green Energy's decline over the last two sessions.
NTPC Green Energy IPO booked 2.40x on Day 3
The initial public offering (IPO) of NTPC Green Energy Ltd, the renewable energy arm of NTPC, was subscribed 2.40 times on the closing day of the share sale on Friday.
