Tech PACs Are Closing In On The Almonds
Published: November 20, 2025
Duration: 16:28
I.
In my 2019 post Too Much Dark Money In Almonds, I asked: why is there so little money in politics?
During the 2018 election, Americans - candidates, parties, PACs, and small donors like you - spent a combined $5 billion pushing their preferred candidates. Although that sounds like a lot of money, Americans spent $12 billion on almonds that same year. Why the imbalance? The oil industry has strong political opinions, and they make $500 billion per year. Do they really think electing oil-friendly politicians isn't worth 2% of revenue?
We debated how this could be. Some of...