Why is so much big business leaning left – and what will it mean for jobs and growth?

One of the truly remarkable developments over the past half-century is the reversal and the relative flows of electoral funding going to parties of the right and parties of the left.  

Fifty years ago, parties of the right had a colossal advantage tempered only by support of the left by unions.  In the recent United States election, the Democrats outraised and outspent the Republicans almost to two to one.  Open Secrets adds, “Even when excluding the money spent by billionaire presidential candidates Michael Bloomberg and Tom Steyer, Democratic candidates and groups have spent $5.5 billion compared to Republicans’ $3.8 billion.”  But that is also remarkable in so far as two billionaire candidates