October 11, 2015

CAMPAIGN FINANCE REFORM PRODUCES UNANTICIPATED CONSEQUENCES:

Successive waves of campaign finance regulation have been designed to limit the influence of money in politics. What these regulations have actually done is quite different. In Better Parties, Better Government, Joel Gora and Peter Wallison observe that today’s campaign finance regulations limit the extent to which candidates can coordinate their fundraising and campaigning efforts with central party organizations, so candidates have to build their own fundraising networks. Building such a network is fairly easy for those who’ve spent their lives around the very wealthy or who are very wealthy themselves. But it is much harder for less wealthy individuals who have dedicated their lives to public service or who for whatever reason aren’t skilled in the art of wheedling money out of strangers.

But remember, if you oppose various campaign-finance “reforms,” you’re a tool of the rich.

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