August 24, 2015

PARTY OF THE RICH: Tech oligarchs tightening their grip on Democrats. “Overall, the hotbeds of the tech and information economies, including media, have become the financial bedrock of the Democratic Party. The 10 leading counties for Democratic fundraising in 2012 included, for the first time, Santa Clara, as well as San Francisco, Los Angeles and New York. Given their domination of the ranks of wealthy people under age 40, one can expect that this power will only increase in the years ahead. This suggests that the tech elite, far from deserting the Democratic Party, more likely will aim take to it over. They are doing this, as other industries have, by absorbing key party operatives. . . . Tech people certainly have no objection to joining the ranks of crony capitalists, notably when cloaked in environmentally green garb.”

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