a curious Yankee in Europe's court

Barack Obama continues to raise money for his U.S. Presidential campaign in ever-astounding, record-busting, supersized numbers. How exactly he does this and, just as important, how the techies and entrepreneurs of the Silicon Valley are playing the key role in helping him are topics explored in an article last month in The Atlantic magazine (“The Amazing Money Machine” by Joshua Green, June, 2008).

What is the exact amount of the money that Obama and his team of supporters are bringing in from donors? For the month of last February alone, the figure reached was “the staggering $55 million—nearly $2 million a day,” according to the article.

As is pointed out, however, in the last sentence of this paragraph from the report, another theme of Obama’s campaign is equally revolutionary:

In a sense, Obama represents a triumph of campaign-finance reform. He has not, of course, gotten the money out of politics, as many proponents of reform may have wished, and he will likely forgo public financing if he becomes the nominee. But he has realized the reformers’ other big goal of ending the system whereby a handful of rich donors control the political process. He has done this not by limiting money but by adding much, much more of it—democratizing the system by flooding it with so many new contributors that their combined effect dilutes the old guard to the point that it scarcely poses any threat. Goren­berg says he’s still often asked who the biggest fund-raisers are. He replies that it is no longer possible to tell. “Any one of them could wind up being huge,” he says, “because it no longer matters how big a check you can write; it matters how motivated you are to reach out to others.”

UPDATE: Questo post in italiano