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> Both factions commit resources to the electoral contest to secure a mere one percent advantage

That only makes sense if the factions are interchangeable for their members, i.e. if it's the same to them whether they win as part of one faction or the other, as long as they're on the winning side in the end.

And I'm pretty sure that's not true for most regular people.

It may be true for large corporations and wealthy individuals, though.






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