While the 2009 election resulted in a familiar governing coalition, the dealignment of the party systems continued. Support for the once-major parties dropped to historic lows as did turnout. This article delves into the factors underlying this dealignment process. In addition to familiar demandside variables—social structure, values, and interests—particular attention is given to the supply side of the dealignment equation: the role of the parties, their leaders, strategies, and policies. The consequences of these changes for the future of the party and political system are then discussed in a comparative context.