Here is an article I wrote for The American Conservative in the summer of 2006 on the inherent weaknesses of the Democratic Party. As it turned out, the Democrats whomped the Republicans hard that November, but, still ... I think a lot of the points I made remain applicable.
That gets me to thinking: say, you are a self-interested foreigner—such as, say, Carlos Slim, Vladimir Putin, Bibi Netanyahu, Prince Bandar, Ehud Barak, Lee Kwan Yew or some other formidable and well-informed gentleman—and you had the opportunity to more or less buy either the Democrats or the Republicans, which would you choose? Say that there was a special offer, one time only: for $10 billion you could obtain discreet but effective control over either the Republicans or the Democrats for the next 10 years. Imagine that both are quietly for sale: which party would you buy? (Assume you have no loyalty or sympathy for either one, you are just looking for the best return on your investment.)