For a long time, I interpreted the United States as a country that revolves around two axes. The Republican Party emphasizes the justice of strength and maintains world peace through force. The Democratic Party prioritizes peace and governs the world harmoniously through soft power.

During Democratic administrations, investment in the US generally increases, and stock prices tend to rise. Under Republican administrations, stock prices fluctuate wildly due to factors like war, and tend to fall. Then, when the government returns to Democrats, stock prices begin to rise again.

While stock prices rise and fall sharply with changes in administration, the money lost during the sharp decline doesn’t disappear; it flows back into the US economy, ultimately benefiting the nation. In short, I interpreted the US way of generating national interest by fluctuating stock prices and investments.

Perhaps this trend began during the Obama administration. The Lehman Shock occurred in 2008, at the end of the Bush administration, and President Obama was no longer able to manage the economy in the Democratic style. That’s when things started to go wrong.

At some point, the US ceased to be a country that revolved around two axes, but then what drives it? I didn’t quite understand it.
What I think when I look at the current Trump administration is that they are trying to return the country to a system that revolves around two axes, as it once did. It’s a rather forceful approach, but what they’re doing is the old Republican line.
The fact that the Trump administration has followed the old line means that the next Democratic administration is likely to follow the old Democratic line. The Democrats will likely emphasize peace and use soft power to attract investment and stock prices. Before attracting investment and stock prices, it’s possible that investment and stock prices will be sluggish, as that makes them easier to see a sudden surge.
Considering this, a major upheaval might occur during President Trump’s term. If it does, it might be around the latter half of 2028, towards the end of his term. I want to keep a close eye on future developments. (Kei Kitajima)

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