3,709 words
Part 2 of 4 (Part 1 here, Part 3 here)
“The dollar votes more times than the man,” goes the century-old political proverb. Before voters enter the equation, political parties need donors to finance their campaign. This means that political parties will not necessarily adopt the preferences of voters, because “no party can afford to take up the median position that represents the views of the vast majority if investors disagree.” (more…)