Because it’s New Hampshire Primary Day and because I haven’t blogged in a while – time to apply a facile analogy to party politics! For a limited time only, clickbait post title included, no additional charge.

If there is a thing that distinguishes the amorphous categories of “tech” companies from other companies, it’s that the structure of expected returns relative to time is different from non-“tech” companies. Unlike more conventional, competitive companies with consistent margins reliant on either extensive or intensive growth to grow in value, tech companies leverage scale to hopefully strike at a focal position in an existing or emerging network with a combination of quality and timing that allows them to seize that position, a position from which monumental rents can be generated.

This creates a disjuncture between a tech company’s present and future. By many conventional metrics, most tech company’s presents look a lot like a conventional company’s death throes. Tech companies generally spend most of their early life bleeding fantastic sums of money, in the hope that if their gamble pays off, they will reap future sums orders of magnitude larger. In that sense, the better analogy for the tech company is a political one than an economic one; tech companies are like Roman generals who ventured all-or-nothing gambles on seizing the capital, with death or imperial power as binary outcomes.

The Democratic Party, today, is in something analogous to that position. There seems to be a consensus that, should demographic voting patterns not substantially shift, the Democratic Party will have a hammerlock on governing the United States within the next decade or two, as its core coalition quickly approaching majority status in the electorate.

At the same time, the Democratic Party of the present looks for all the world like a failing political party. They face structural obstacles to achieving majority status in either house of Congress; they have a minority position on the Supreme Court, though this is a more complex and mixed situation; and  hold unified control of only seven states to Republicans’ 25. Given the power this gives to Republicans to gerrymander, it is entirely possible for many facets of this dismal state to persist even if demographic harvests prove as bountiful as predicted for the Democrats.

Indeed, the only plus side is that, on the most federalized level, those demographic tailwinds have already lead to a deceptively definitive structural advantage in presidential elections; barring the discombobulation a credible third-party or independent candidate would wreak, Republicans would need to win either an unprecedented share of the nonwhite vote or an unprecedented share of the white vote in order to crack 2016, neither of which seems terribly likely at present.

Therefore, the Democratic Party stands in an odd situation; presently, its goal is to cling to the Presidency and a few key states for dear life, whereas in the future it hopes to assert a position of unprecedented dominance that could only be toppled by some combination of vast leftward movement on the part of the Republican Party (an equal ideological, if not political, windfall for ideologically-motivated activists) and an unforeseeable reshaping of the political landscape.

This disjuncture has both manifestation and exacerbation in the present Clinton/Sanders divide. It is clear that the frankly stunning demographic divides within the Democratic Party signal that a politics and platform substantially to the left of the status quo is the future of the Democratic Party; just as the Democrats expect to reap the windfall of future demographics, the left expects to reap the windfall of seizing the Democratic Party as it comes into its dominance.

But that future is not yet here, and the high odds that a Democrat will sit in the Oval Office next year are the inverse of the odds of Democratic control of either house of Congress. Therefore, no matter who the nominee is, the actual job of the next Democratic POTUS will be twofold – on the one hand, succeed in getting four budgets and as many appointees and judges through a hostile Congress as possible; and on the other hand, give back as little of the legislative and regulatory gains of the Obama administration as possible. That many within the Democratic Party itself are coming to see those gains as inadequate only exacerbates the tensions that come from high expectations of near-future political transformations clashing with a present politics largely predicated on holding patterns and defense.

This is an inadequate guide to who the Democrats should nominate; while Sanders’ politics are the future of the Democratic Party, it’s clear that 74-year-old Sanders himself, and old white men in general, are certainly not; Democrats looking solely at filling the job of President for the next four years have to balance ideology, willingness-to-compromise, and, yes, electability in making what is frankly a non-obvious decision. But of course politics is rarely about careful consideration of filling a job, and Democratic voters are casting ballots, today and for months to come, for reasons well beyond a calculating and decidedly uninspirational assessment of loss minimization. In the past, revolutions were followed by bitter infighting about its meaning, implications, and future; the oddity of the Democratic Party today is that the order has been inverted. The 2016 primary, more than anything, is a fight over not just who controls the future, but when the future will happen.