The Money Election

Lawrence Lessig looks at where campaign cash comes from:

A tiny number of Americans — .26 percent — give more than $200 to a congressional campaign. .05 percent give the maximum amount to any congressional candidate. .01 percent give more than $10,000 in any election cycle. And .000063 percent — 196 Americans — have given more than 80 percent of the super-PAC money spent in the presidential elections so far. 

His takeaway:

It is as if America ran two elections every cycle, one a money election and one a voting election.

To get to the second, you need to win the first. But to win the first, you must keep that tiniest fraction of the one percent happy. Just a couple thousand of them banding together is enough to assure that any reform gets stopped. Some call this plutocracy. Some call it a corrupted aristocracy. I call it unstable. Just as America learned under the Articles of Confederation, where one state had the power to block the resolve of the rest, a nation in which so few have the power to block change is not a nation that can thrive.