Eighty-five percent of millennial and Gen Z donors favored Democrats, a trend that appears durable rather than something they’ll age out of. As this cohort entered its prime earning and donating years, Democrats should have been building the broadest grassroots fundraising base in the history of American politics. Instead, the spam model drove millions of these potential donors away. The party didn’t just fail to capitalize on its generational advantage. It actively destroyed it, trading a rising base that would have funded the party for decades for one that is being exhausted for short-term fees. Private equity firms call this “harvesting.” You stop investing in the business and extract everything you can before the foundation gives way. The consultant class has been harvesting the Democratic Party for over a decade.

Just one excellent point from this article. Worth reading to the end.