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The Republican Party stopped being a serious entity (in the sense of being committed to effective governance for the betterment of the country and a devotion to democratic principles) years ago, though it's worse than ever. Their only goal now is to retain and/or grab power, regardless of what it takes. Yes, business people and markets don't like instability, but they were mostly fine with Trump and the Republicans who gave them corporate tax cuts.

Nothing will change until the people who vote for Republicans realize the people they're putting into office don't care about them. I believe they represent a sizable percentage of the Republican electorate, but their voices are drowned out by an increasingly militant faction. And, the longer we go without meaningful legislation like the John Lewis Voting Rights Act,  the more likely Republicans will reach their aims by gerrymandering and/or overturning election results outright.