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Got some CTers who think both parties are the same in a tizzy about this in another thread, but there's a lot of interesting stuff in this study that is beyond the scope of that discussion:
https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3288862
So maybe by looking more closely at what it is that donors want, we can find evidence of influence by them that has eluded previous researchers. And a big part of what they want is for Republicans to move right on economic issues and for Democrats to move left on social issues (note that Republican donors are about the same as Republican voters on social issues but they have a large difference on economic issues, while Democratic donors are a little to the left of Democratic voters on economics, but far to their left on social issues).
There's something in there to challenge and to support everyone in these discussions (obviously, this is assuming the findings hold up). Right-wingers who think that Democrats are obsessed with identity politics are wrong as it relates to voters, but not as it relates to donors. Left-wing nutters who think the Democratic donors are dragging the party to the right on economics are wrong, but they also believe that donors are dragging the party left on social issues, which could be right. I've pointed out that the right is far more interested in identity politics than the left (that even Republican voters don't agree with their party's policy platform), which is right as it relates to voters but not as it relates to donors. Also, I've been swayed by research on the effectiveness of donors at moving the views of politicians, but this provides some level of challenge to that. The globalization stuff isn't really surprising or interesting, IMO, but to people who care about that, it's in there, too.
https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3288862
Yet, even as influential theories express concern about partisan donors’ influence (e.g., Hacker and Pierson 2011), we know remarkably little about what they actually want from government. To inform theoretical and substantive research on donor influence, this note provides a more detailed account of partisan donors’ policy preferences.
...
Our data documents extremely large differences between partisan donors and mass partisans—however, these differences dramatically vary by party and policy domain in a manner not previously documented and in line with our hypotheses. We consider three domains: economic policy, social policy, and globalism (e.g., immigration and free trade). We find that Republican donors’ views are especially conservative on economic issues relative to Republican citizens, but are closer to Republican citizens’ views on social issues. By contrast, Democratic donors’ views are especially liberal on social issues relative to Democratic citizens, whereas their views on economic issues are closer to Democratic citizens’ views. Finally, both groups of donors are more pro-globalism than citizens. These differences are very large: for example, the gap between Republican donors’ and Republican citizens’ views on economic issues is as large as the gap between Republican citizens’ and Democratic citizens’ views. We also replicated our findings in a pre-registered analysis of an independent dataset gathered by other scholars.
...
Our results may therefore be relevant to understanding a variety of puzzles in contemporary American politics, including: the Republican Party passing fiscally conservative policies that we show donors favor but that are unpopular even with Republican citizens; the focus of many Democratic party campaigns on progressive social policies popular with donors but that are less publicly popular than classic New Deal economic policies (Bartels 2018; Nyhan 2016)
So maybe by looking more closely at what it is that donors want, we can find evidence of influence by them that has eluded previous researchers. And a big part of what they want is for Republicans to move right on economic issues and for Democrats to move left on social issues (note that Republican donors are about the same as Republican voters on social issues but they have a large difference on economic issues, while Democratic donors are a little to the left of Democratic voters on economics, but far to their left on social issues).
There's something in there to challenge and to support everyone in these discussions (obviously, this is assuming the findings hold up). Right-wingers who think that Democrats are obsessed with identity politics are wrong as it relates to voters, but not as it relates to donors. Left-wing nutters who think the Democratic donors are dragging the party to the right on economics are wrong, but they also believe that donors are dragging the party left on social issues, which could be right. I've pointed out that the right is far more interested in identity politics than the left (that even Republican voters don't agree with their party's policy platform), which is right as it relates to voters but not as it relates to donors. Also, I've been swayed by research on the effectiveness of donors at moving the views of politicians, but this provides some level of challenge to that. The globalization stuff isn't really surprising or interesting, IMO, but to people who care about that, it's in there, too.