The Democratic Party is being held hostage by Hillary Clinton, who hints but does not declare that she is running for its presidential nomination in 2016. So powerful is the political money machine that she commands, other possible contenders such as Elizabeth Warren are left peddling books rather than hitting the hustings for cash and commitments. As others have noted, if Hillary should decide not to run in order to preserve her health and enjoy being a grandma, her political party will be left high and dry as other candidates scramble.
Mickey Kaus, tongue firmly planted in cheek, offers a “Marxist:” analysis of what is really going on.
Now that we are all Marxists, we need to uncover the materialist basis of even seemingly non-economic phenomena. Take Hillary Clinton’s campaign/non-campaign for President. Is she running or not? Why won’t she say?
Let us start answering this question by asking another: What is the specific mode of production of the Clinton dynasty? Here a clue is provided by the petty bourgeois publication Politico, in a piece on Hillary’s tacit embrace of the financier ruling class:
“Clinton, after all, was New York’s senator for eight years, where the financial district was a key constituency. She had many Wall Street rainmakers as advisers and friends. Her family has continued to work that network to try to stock the Clinton Foundation with a $250 million endowment before a presidential run. And she’s been out on the financial services speaking circuit, giving talks to Goldman Sachs and fireside-style chats with the heads of the Carlyle Group and the investment firm KKR.” [Emphasis added]
Aha! There are still legal limits to how much money Wall Street can funnel into the Clinton political campaigns qua campaigns. But those limits presumably don’t apply to the Clinton Foundation, or to Bill and Hillary’s speaking fees. Hence eye-popping figures like $250 million.
Now, ask yourself, what happens to all this money if Hillary says she’s through with politics and wants to spend the rest of her life, say, touring the world with Tina Brown to improve the status of women? Answer: Much of the money dries up….
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