The Left of Center Is a Party of the College-Educated Elites

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The Democrats used to be the party of the working man and trades union, but now they are more of a party of the college-educated, cosmopolitan elites, and minority groups.
There is a possibility that Trump could win the 2024 election, which would lead to a profound constitutional crisis and extreme elements of government being brought in.
If Trump were to become president again, he would likely go after the FBI, IRS, and other elements of the 'deep state' to try and politicize them.
A Trump presidency would test the strength of American institutions and the courage of American politicians, judges, and justices to a degree never seen before in American history.

In this second episode of Martin Wolf’s series, the renowned FT columnist and economist speaks to Larry Diamond, a leading contemporary scholar in the field of democracy studies and a senior fellow in global democracy at the Freeman Spogli Institute for International Studies at Stanford University. Drawing on arguments in Martin’s latest book, The Crisis of Democratic Capitalism, they discuss what’s behind a deepening global ‘democratic recession’.

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Martin Wolf: in defence of democratic capitalism

For Martin’s FT columns click here

For the FT review of Martin’s book click here

This episode is presented by Martin Wolf. The producer is Laurence Knight. The executive producer is Manuela Saragosa and the sound engineer is Breen Turner. The FT's global head of audio is Cheryl Brumley.

Clips: BBC, CNN, WION

Read a transcript of this episode on FT.com

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