The fall of the House of Clinton, an article in the Economist, has an interesting take on the decisive role the Internet and web played in the campaigns of the two Democratic candidates Barack Obama and Hillary Clinton.
The Clinton machine was too stuck in the 1990s to grasp how the internet was revolutionising political fund-raising. Mrs Clinton built the best fund-raising machine of the 20th century—persuading Democratic fat cats to make the maximum contributions allowable and accumulating a vast treasure trove of money. But Mr Obama trumped her by building the best fund-raising machine of the 21st century.
Mr Obama simultaneously lowered the barrier to entry to Obamaworld and raised expectations of what it meant to be a supporter. Mr Obama’s supporters not only showered him with small donations. They also volunteered their time and enthusiasm. His website was thus a vast social networking site (one of his chief organisers was a founder of Facebook)—a mechanism not just for translating enthusiasm into cash but also for building a community of fired-up supporters. Mr Obama’s small donations proved to be a renewable resource, as supporters could give several times, up to a maximum of $2,300. Mrs Clinton ran out of cash.