POLITICS
10/17/2014 01:20 pm ET Updated Oct 17, 2014

How Billionaire Oligarchs Are Becoming Their Own Political Parties

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In August, Tom Steyer and seven campaign advisers sat in a small conference room in Coral Gables, Fla., trying to figure out how to save the world. Steyer, who is 57, has a fortune of roughly $1.5 billion, and his advisers were among the most talented political operatives in the United States. Steyer is especially concerned about climate change, and his immediate goal, the object of discussion that day, was to replace the sitting governor of Florida, Rick Scott, a Republican who has questioned the very existence of anthropogenic climate change, with Charlie Crist, the previous governor, whose environmental views hew more closely to Steyer’s.

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