13th November 2012
David Friedman is always worth reading.
Currently it is an alliance of several quite different factions, united mostly by the desire to elect candidates. It is possible that that situation will continue—but less likely as a result of the recent defeat in the presidential election. If not, there will either be a civil war within the party, with different factions trying to take over, or a new compromise, probably brokered by the professionals at the top and sold to as much of the existing membership as possible.
What are the factions, what policies are important to them, where are there irresolvable conflicts?