What do you know about Lawrence Lessig?
If your life depended on writing a page on the career of Lawrence Lessig, and you had 30 minutes to write the essay, and you were in a room without access to the Internet, would I be wise to sell you a life insurance policy?
Quite frankly, I had never heard of Lawrence Lessig. Yet he has raised a million dollars in one month to run for the Democratic Party's nomination for President of the United States.
When you think about this, it really is astounding. Here is someone you have never heard of, and I had never heard of, yet, somehow, he was able to go to 10,000 people, and persuade them to hand him $1 million.
If you had to raise $1 million, and you had a month to do it, could you do it? I don't think you could. I'm quite sure I could not. Yet Lawrence Lessig was able to do this without any fanfare whatsoever.
Think about where the money is going. He is going to run for the nomination against Hillary Clinton. There is no possibility that he will defeat her. He cannot even get into the upcoming Democrat debate.
A man who almost nobody outside of Maryland has ever heard of, former governor Martin O'Malley, has about 2% of the vote. Another man, who is a best-selling author, a Hollywood screenplay writer, a former U.S. Senator from Virginia, and a former Secretary of the Navy, has between 1% and 2%. Can you name him?
Here is a man on the Harvard faculty who has persuaded 10,000 people to give him a total of $1 million. This is a completely suicidal campaign. Anyone with any sense whatsoever would know that it is a suicidal campaign.
STUPID IS AS STUPID DOES
How can people be this stupid? First, how can a Harvard professor think that he is going to make any difference whatsoever by announcing his candidacy for the nomination? What kind of egomaniac decides that his opinions count enough to run for the nomination to the highest office in the land? Second, even more astounding, what kind of money-wasting fools hand over money to this egomaniac?
Think of the causes that could be aided with $1 million. A quarter century ago, I used to interview people who were promoting various causes. I did a regular audiotaped interview service. I would ask them this question: "If somebody donated $1 million to your organization, what would you do with it?" That question always caught them by surprise. Some of them said, "I have never thought of that." That's because nobody ever hands over $1 million to some nonprofit organization that almost nobody has heard of.
Yet here is a man who almost nobody has ever heard of, who was able to persuade 10,000 people to write checks to him for a total of $1 million. The money is going to be completely wasted. Nobody is going to listen to the opinions of Lawrence Lessig. The public will never hear of him, despite this million dollars, or despite however much he will be able to raise in addition to $1 million.
There are people who move in circles where the members know somebody on the Harvard faculty, and who are stupid enough to write a check large enough to contribute to a $1 million election campaign fund. It is an election campaign fund that will lead to a complete waste of the money. Nobody will get anything out of it, other than the people who are hired on a temporary basis to do something for the campaign.
For all of their IQ points, the donors are stupid people. They don't have any concept of political cause and effect. They think that a spokesman who has never run for political office, who no one has heard of, is going to carry the message, whatever it is, to the general public. They could have donated money to any cause, and the money would have had at least some positive payoff. But none of this money is going to have any positive payoff in terms of the agenda of the donors. Yet the donors wrote the checks.
We know the phrase, "a fool and his money are soon parted." This phrase is applicable to this situation.
NATIONAL POLITICS
I don't think there is any field, other than national politics, in which people have this little sense regarding donations. The donors can be sure that nothing will come of this money, but they will still write the checks. The money will go down a rat hole, but they don't care.
Even more foolish, they write the checks for somebody who is running for President, which is the highest political office in the world, and which is the most screened office in the world. Donald Trump is the first non-general in American history who has never held an elected political office or been appointed to one, who has announced his candidacy for the presidency, and who has a significant possibility of being elected President. But Trump is well known. Also, he doesn't need $1 million in donations. He is happy to take $1 million from people, and he will take a whole lot more from them. He doesn't need to, which is why he is happy to do it. The very fact that he doesn't need to do it is why people are going to write him checks.
I can understand that somebody would donate money to a candidate like Ben Carson, who may get some mileage on this or that issue. Even here, his candidacy is extraordinary. He is a political amateur. He is raising a lot of money, and he is second in the polls only to Trump. This has never happened before: two front-runners who have never held political office or been on the payroll of the federal government.
The idea of turning over $1 million of hard-earned money to someone no one has heard of, and who will get no leverage at all for this money, is indicative of the complete insanity of people with money to throw it away on hopeless causes. Running for the nomination for President of the United States in one of the two major parties is among the most expensive projects that anybody would choose in a lifetime. Why would a political nobody do it? Egomania is a factor, but combined with this is an almost incomparable stupidity.
Lessig is going to waste every donor's money. He has no moral compunction against doing this. He is an egomaniac, and more than this, he is a tenured professor at Harvard. This is a combination of high IQ and practical imbecility that rarely can be seen outside of Ivy League universities.
CONCLUSION
I caution you not to spend money on national politics. You would have a better payoff for your money by purchasing a lottery ticket. The odds would be better, and the payoff would be higher.
Yet there are people who get out their check books every four years, and they write checks to somebody who has no possibility of being elected President of the United States. They are happy to throw away this money. They have no concept of cause and effect. They have no concept of the better uses to which their money could be put. They are called upon by some egomaniac to write the check, and they do it.
This indicates a level of fantasy living that does not prevail in other areas of life. Otherwise intelligent people write these checks. They would be hard-pressed to explain to anybody why they wrote the checks. I cannot imagine what kind of argument anybody would offer to justify such a waste of finances. I don't see how people would justify it to themselves, let alone justify it to anybody else. But they do it, and they do it every four years.
To get out a message, yes. Ron Paul's donors had an agenda. I hope it was not to get him elected. But he did get out his message. But he was not Lawrence Lessig. He had spent decades in Congress, getting out the message.
I suggest that you save your money. If you want to waste money, buy a lottery ticket. Maybe you will win $1 million, and then you will be able to do something significant with the money.
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