TO THE EDITOR:
It is paradoxical that the markets reacted positively to the loss of power suffered by the American President in the recent midterm elections in the United States. This happens more naturally when figures with greater hostility toward markets move away from power, as often occurs with left-wing candidacies. This brought to my mind the celebrated work by economists Raghuram Rajan and Luigi Zingales: "Saving Capitalism from the Capitalists."
Ignacio Garay P.
Lawyer
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People line up to register for early voting at a voting center in Chattanooga, Tennessee, United States, on October 29, 2026, days before the U.S. midterm election day, which takes place on November 3. Photo: Xinhua Li Rui CommentsTO THE EDITOR:It is paradoxical that the markets reacted positively to the loss of power suffered by the U.S. President in the recent midterm elections in the United States. That happens, more naturally, when figures with greater hostility toward the markets leave power, as is usually the case with left-wing candidacies. This brought to my mind the celebrated work by economists Raghuram Rajan and Luigi Zingales: "Saving Capitalism from the Capitalists." Ignacio Garay P. AttorneyMore on:United StatesElectionsEffects