The Investment Theory of Politics

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1. not overly familiar with the specifics, but it sounds largely on target, up to a point.

i think voters ultimately have power at the extremes, in that they won't accept anything, or any change, too ridiculous or too unwarranted. that limits the power of moneyed interests.

however, within those broad bands, yes, big money can pretty much call the tune. part of what obscures this is that big money isn't always a single entity and doesn't always act in concert. that's the real danger of wealth concentration -- it increases the power and coherence of big money, enabling it to be a more effective and dominating political force.