My favorite sort of social phenomenon is something that seems normal to modern eyes that is actually incredibly unusual. We take it for granted that every presidential election is a nail-biter these days. But this era of close elections is deeply strange. We used to have blowouts all the time. In 1964, 1972, and 1984, LBJ, Nixon, and Reagan, respectively, won by more than 15 points. This never happens anymore. Since the hanging-ballot mess of 2000, we’ve had historically close contests again and again: in 2004, 2012, 2016, and 2020. This year seems almost certain to continue the trend. National polls have almost never been this tight in the closing days of a presidential contest.

In an era of shifting coalitions and weak parties, why is every modern presidential election so close? Today’s guest is Matt Yglesias, the author of the ‘Slow Boring’ newsletter, and a return guest on this show. We talk about how the era of close elections has, importantly, coincided with an era of racial realignment. We propose several theories for why every election is a nail-biter in the 21st century. And we explain why “it’s the internet, stupid” doesn’t work to explain this particular trend.

If you have questions, observations, or ideas for future episodes, email us at [email protected].

Host: Derek Thompson

Guest: Matthew Yglesias

Producer: Devon Baroldi

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