As Americans prepare to vote in the November 3 midterm elections, the FT’s chief economics commentator Martin Wolf asks what the result will mean for Donald Trump, the future of US democracy and America's place in the world. In the third of a six-part series, Martin speaks to political scientist and author Barbara F Walter, an expert on civil wars and political violence, about the risk of unrest surrounding the elections. Drawing on her research into countries around the world, Walter explains the warning signs of political violence, and why America's changing demographics and the struggle to hold on to political power are fuelling divisions. How close is the US to a dangerous tipping point? And can American democracy emerge from the midterms stronger rather than more divided?
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Host: Martin Wolf
Producer: Mischa Frankl-Duval
Senior producers: Laurence Knight and Edwin Lane
Executive producer: Manuela Saragosa
Video editor: Richard Topping
Senior Audio Engineer: Breen Turner
Broadcast engineers: Andrew Georgiades
Podcast development: Laura Clarke
FT Global Head of Audio: Flo Phillips
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Read a transcript of this episode on FT.com
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October 31, 2026