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The chairman of rockefeller international, a financial advisory firm and the founder of break out capital and investment firm focused on emerging markets and of course a very prolific writer and columnist for the f.t. richard, we ve heard about the many, many elections that are taking place. the share of global population with the opportunity to vote is at a kind of all-time high. and that is remarkable. but you point out that 20 years ago, 70% of incumbents would win the elections. and now, it is 30%. what do you think is going on? yeah, so this is global data. we looked at 50 democracies around the world and it is incredible how many are losing. even the u.s. is there. if you look at the first approval ratings of residents in the last 20, 30 years, they tend to wither away as they approach ....