Democratic politics gets its angel round

New York Times (Magazine): Wiring the Vast Left-Wing Conspiracy. Even the title of the piece must make conservatives apoplectic. It makes me a little queasy. But the article is a brilliant dissection of the effects of campaign finance reform on the flow of money and the policy creation process in the Democratic party—and outside it. It’s really interesting to think what some of the money that was poured into dot-bombs in the late ’90s could do now in the political process—and who the equivalents to Marc Andreeson and Jeff Bezos will turn out to be in the political arena.