How the 2016 Candidates are Getting Their Money
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How the 2016 Presidential Candidates are Getting Their Money

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How the 2016 Presidential Candidates are Getting Their Money

How the 2016 Presidential Candidates are Getting Their Money

With today’s technology and political funding climate, there are a variety of strategies that can be pursued to get much-needed cash into campaign coffers.

If you happen to already be a billionaire, we recommend the “self-funded” approach. That’s what Donald Trump has used thus far, which has enabled him to speak his mind as well as gloat about the donations he’s made to other candidates in the past.

The opposite take would be a grassroots strategy, which is employed by Bernie Sanders and Ben Carson. While they’ve raised far less in total than many other candidates, it is certainly enough to get the ball rolling. Each candidate has gotten 77% and 65% respectively of their funding from donations under $200.

If you’re not a billionaire and don’t have grassroots appeal, we suggest that you start lobbying hard. Wall Street, big corporations, unions, and billionaires are a good place to start. Most candidates fit in this group.

Hillary Clinton and Rick Santorum both rely heavily on maxed out individual donations of $2,700 so far in the 2016 campaign. Hillary also typically relies on big support from Wall Street banks, with Citigroup, Goldman Sachs, JP Morgan, and Credit Suisse among her top all-time donors for previous campaigns. Though, in 2016, so far it is banks like Morgan Stanley and JP Morgan, along with many large law firms doing the heavy lifting.

Others candidates such as Jeb Bush, Ted Cruz, Marco Rubio, and Scott Walker rely the most heavily on big donations from the usual suspects. Goldman Sachs is the largest funder of Jeb Bush, who has only raised 12% of his total funds from donations of $2,700 or less. Ted Cruz has gotten the highest percentage of $1 million+ donations, including a $15 million donation from the Wilks brothers to his super PAC. Lastly, Scott Walker has also had some support from ultra-wealthy brothers: Walker is a preferred candidate of the Koch brothers, who are planning to wield nearly $1 billion in funding in the 2016 election cycle.

Original graphic by: NPR

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Politics

Which Countries are the Most Polarized?

This chart plots polarization for various countries based on the Edelman Trust Institute’s annual survey of 32,000+ people.

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Which Countries are the Most Polarized?

How do you measure something that’s made headlines for half a decade but is still difficult to quantify? We’re talking about polarization.

Even within the social sciences, polarization covers everything from racial segregation, to labor skill levels, to class divide, to political ideology.

How Do You Quantify Polarization?

Edelman’s data on which countries are the most polarized comes from survey results asking respondents two very simple questions:

  • How divided is their country?
  • How entrenched is the divide?

The questions help bring to light the social issues a particular country is facing and the lack of consensus on those issues.

Plotted against each other, a chart emerges. A country in the top–right corner of the chart is “severely polarized.” Countries located closer to the lower–left are considered less polarized.

In the report, Edelman identifies four metrics to watch for and measure which help quantify polarization.

Economic AnxietiesWill my family be better off in five years?
Institutional ImbalanceGovernment is viewed as unethical and incompetent.
Class DividePeople with higher incomes have a higher trust in institutions.
Battle for TruthEcho chambers, and a low trust in media.

Following Edelman’s metrics, countries with economic uncertainty and inequality as well as institutional distrust are more likely to be polarized. Below, we look at key highlights from the chart.

Severely Polarized Countries

Despite being one of the largest economies in Latin America, Argentina is the most polarized country surveyed by a large margin. Foreign loan defaults, a high fiscal deficit, and now surging inflation have created a perfect storm in the country.

43% of the Argentinian respondents said they will be better off in five years, down 17 percentage points from last year.

Along with fiscal upheaval, Argentinians are also dealing with enduring corruption in the public sector and abrupt policy reversals between governments. Only 20% of those surveyed in Argentina said they trusted the government—the least of all surveyed countries.

Here are all six of the countries considered to be severely polarized:

    🇦🇷 Argentina
    🇨🇴 Colombia
    🇺🇸 United States
    🇿🇦 South Africa
    🇪🇸 Spain
    🇸🇪 Sweden

In the U.S., heightened political upheaval between Democrats and Republicans over the last few years has led to strengthening ideological stances and to an abundance of headlines about polarization. Only 42% of respondents in the country trust the government.

And in South Africa, persistent inequality and falling trust in the African National Congress also check off Edelman’s metrics. It’s also second after Argentina with the least trust in government (22%) per the survey.

Moderately Polarized Countries

The biggest cluster of 15 countries are in moderately polarized section of the chart, with all continents represented.

    🇧🇷 Brazil
    🇰🇷 South Korea
    🇲🇽 Mexico
    🇫🇷 France
    🇬🇧 United Kingdom
    🇯🇵 Japan
    🇳🇱 Netherlands
    🇮🇹 Italy
    🇩🇪 Germany
    🇳🇬 Nigeria
    🇹🇭 Thailand
    🇰🇪 Kenya
    🇨🇦 Canada
    🇦🇺 Australia
    🇮🇪 Ireland

Some are on the cusp of being severely polarized, including economic heavyweights like Japan, the UK, France, and Germany. On the other hand, smaller economies like Thailand, Kenya, and Nigeria, are doing comparatively better on the polarization chart.

Less Polarized Countries

Countries with fair economic outlook and high trust in institutions including China, Singapore, and India are in the bottom left sector of the chart.

    🇮🇩 Indonesia
    🇨🇳 China
    🇦🇪 United Arab Emirates
    🇸🇬 Singapore
    🇸🇦 Saudi Arabia
    🇲🇾 Malaysia
    🇮🇳 India

It’s interesting to note that of the seven countries in that sector, three are not democracies. That said, there are also more developing countries on this list as well, which could also be a factor.

Looking Ahead

Edelman notes that polarization is both “cause and consequence of distrust,” creating a self-fulfilling cycle. Aside from the four metrics stated above, concerns about the erosion of civility and weakening social fabric also lead to polarization.

Edelman polarization quote

As global events unfold in 2023—including looming worries of a recession—it will be fascinating to see how countries might switch positions in the year to come.

Where does this data come from?

Source: The 2023 Edelman Trust Barometer

Data note: Survey conducted: Nov 1 – Nov 28, 2022. Survey included 32,000+ respondents in 28 countries. Russia was omitted from this year’s survey. See page 2 of the report for more details.

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