July 27, 2003
Armies of Money
As usual Billmon brings the sharpest political insights to the web. In the process he shows what's really going on with the Dean campaign and fundraising. Dean has empowered the managerial class. He's used the internet to bring campaign finance to the level where $200 matters. That's a half order of magnitude change from the previous level, where you really needed to give $1000 to make a difference. And for that he should be commended.
So its a change for the slightly better, but only slightly better. Instead of the top 2% running things its the top 10%. Its still an oligarchy. Power is still concentrated at the top. We can do better.Posted by Abe at July 27, 2003 01:04 PM