So many influencers, celebrities, billionaires and media personalities seem convinced they can follow President Donald Trump’s path from fame to political power. But are they learning the right lessons from his rise?

Host Megan McArdle explores the rise of the celebrity candidate, from Ronald Reagan to Arnold Schwarzenegger to Trump himself. She explains how parasocial relationships shape modern elections, and why Trump’s success depended on a unique mix of media savviness, outsider status, timing and luck that may be impossible to replicate. And she argues that if America wants a more stable political future, it will need to return to a more normal kind of politics.