Make no mistake, a Democratic victory is a victory for the rich and powerful, who overwhelmingly bac

Make no mistake, a Democratic victory is a victory for the rich and powerful, who overwhelmingly backed Biden in. Across the country, areas with median household incomes of $100,000 or more (the richest one-third of the population) donated three times the amount to Biden’s campaign as compared to Trump’s, according to a New York Timesanalysislast month. Among these households, “Mr Biden smashed Mr Trump in fundraising, $486 million to only $167 million—accounting for almost his entire financial edge”, the article’s authors wrote. The election results suggest that voting patterns have followed the money trail, Democrats cleaning up in the wealthiest areas in the country. This should not come as a complete surprise—prior to this election, 27 of the wealthiest 30 congressional districts in the US were held by the Democratic Party, which, like the Liberal Party in Australia, is a party created and run by the bourgeoisie.

A Biden win will be a win for Corporate America, much of which also fell in behind his campaign. For example, a Yale School of Management survey of its CEO Caucus participants in September found that 77 percent said they would be voting for Biden. While some industries, such as agribusiness and energy, clearly favoured Trump, the big money was with the Democratic candidate. The finance, insurance and real estate sector, for example, donated two-and-a-half times more to Biden than it did to Trump, $200 million to $84 million—dwarfing the contributions from other industries.

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