Martin Wolf on the US midterms: Is American democracy safe?

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  This episode is brought to you by Hard Lessons, a Morgan Stanley podcast.

• 00:04

  Iconic investors like Stan Druckenmiller, John Gray, and Rick Reeder break down calls that worked.

• 00:09

  I knew that this stock would go up for at least two or three years and go up a lot.

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  Ones that didn't.

• 00:14

  I quite frankly thought the company could have reversed course.

• 00:17

  They didn't.

• 00:18

  And what they learned in between.

• 00:20

  When you buy everything and it goes up, it doesn't train you to be a great investor.

• 00:23

  It's these hard lessons that make all the difference.

• 00:26

  Listen to Hard Lessons wherever you get your podcasts.

• 00:30

  I don't feel I need to be living under Vladimir Putin tomorrow

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  in order to say that we're heading in the direction of dictatorship.

• 00:36

  I just think it's very hard for people to imagine this happening in America, but clearly it is happening.

• 00:40

  I wish I saw a deeper commitment on a part of the American people to the principles of the Declaration

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  and the Constitution, rather than for them to be only concerned if it's hitting their gas prices

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  or if somebody they know that they like has been deported.

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  Is American democracy safe?

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  I'm Martin Wolf, chief economics commentator at the Financial Times.

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  Americans head to the polls for the midterms on November the 3rd.

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  And I'm worried, worried about what the result will tell us about the future of democracy.

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