The Party of American Capital
The Democratic Party has become, improbably, the preferred party of the elites.
Illustration by Trevor Davis.
Shortly before the 2000 election, BusinessWeek magazine introduced a new kind of investment vehicle to the American public. Several firms, the article revealed, had constructed funds whose performance would be highly correlated with the outcome of the election. Customers could buy into a George W. Bush or an Al Gore fund, each of which was […]
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