Martin Wolf: Naivety about Trump threatens all our futures

Wealth is only a source of power if protected by a law-governed state. This was evident in Boris Berezovsky's fate under Putin's rule, where power lay with the Kremlin, not the capitalists. Similarly, Trump's potential return to power threatens US democracy and global stability. Plutocrats supporting him may not realize the dangers of empowering a leader who seeks to undermine democratic institutions and global alliances.

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By Martin Wolf

Plutocrats must understand that wealth is only a source of power if it is protected by a law-governed state

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