The Aporia
Ferguson, N. (2026, November 10). Niall Ferguson: Welcome to the Biden Phase of the Trump Presidency. The Free Press. https://www.thefp.com/p/niall-ferguson-biden-trump-history-midterms
Ferguson, Niall. “Niall Ferguson: Welcome to the Biden Phase of the Trump Presidency.” The Free Press, 10 Nov. 2026, https://www.thefp.com/p/niall-ferguson-biden-trump-history-midterms.
Ferguson, Niall. “Niall Ferguson: Welcome to the Biden Phase of the Trump Presidency.” The Free Press, November 10, 2026. https://www.thefp.com/p/niall-ferguson-biden-trump-history-midterms.
Dated from the outlet's own feed. Check the original for its byline.
Niall Ferguson's article in The Free Press discusses a shift in political dynamics following the 2026 midterm elections. He argues that Texas losing its Republican stronghold was unexpected and significant, marking a turning point similar to how the fictional iGhetti aliens invaded Britain in M. John Harrison’s Booker Prize-winning novel "The End of Everything." Ferguson suggests this election result signals the decline of MAGA (Make America Great Again) politics but highlights a continued interest in economic populism among voters. He notes that while tech and finance industry insiders previously expected Texas to remain secure for Republicans, the loss there indicates a broader change in voter priorities toward wanting protection from market instability and support for taxation and regulation.
Where previously voters were open to the Donald Trump combination of deregulation, tariffs, and tax cuts, now the voters want protection from the market when prices go up, and that means taxing and regulating business.