In 2009, Ralph Nader published a fantasia titled Only the Super-Rich Can Save Us!, in which he imagined a group of maverick billionaires banding together to defeat corporate power in America. Declaring themselves “the Meliorists,” these enlightened oligarchs force Walmart to unionize, elect Warren Beatty governor of California, establish single-payer health insurance, raise the minimum wage to a livable salary, and in general breathe life back into liberalism. In 2012, something like Nader’s utopian scenario has begun to take shape, but with a radically different ideology. Super-rich, hard-right tycoons like Foster Friess (mutual funds), Harold Simmons (chemicals and metals), Bob Perry (home-building), and Sheldon Adelson (casinos) are, through the new vehicle called the super PAC, leveraging their fortunes to seize hold of the political process. Super PACs have made it so easy for millionaires and billionaires to spend unlimited sums on behalf of a particular candidate that these groups are now routinely outspending Republican presidential primary campaigns. Indeed, to a remarkable extent, these oligarch-controlled super PACs are the primary campaign. And, while both parties can create super PACs, so far GOP super PACs are burying their Democratic counterparts. Of the top ten individuals funding super PACs, only one—Jeffrey Katzenberg—is a Democrat.
