President Trump is on course to lose his re-election bid albeit with the second-highest number of votes ever recorded. Anne McElvoy asks Jennifer Horn, founder of the Lincoln Project, a conservative coalition that campaigned against the president, why Trumpism proved so attractive to swathes of America. Beyond the presidency, which forces are the winners and losers of this election? And, The Economist's deputy editor Edward Carr on what record turnout but contested results say about American democracy.

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