Mo Money Mo Politics

George Soros

“Fewer than 400 families are responsible for almost half the money raised in the 2016 presidential campaign, a concentration of political donors that is unprecedented in the modern era,” the New York Times breathlessly reported last Sunday. The popularity of so-called Super PACs, which can raise unlimited funds, has allowed the wealthy to dominate the fundraising scene. “The intensifying reliance on big money in politics mirrors the concentration of American wealth more broadly.” Democracy, we are meant to believe, is at stake.