Rick Hasen: “It is easy to dismiss as overblown the concern about the outsize role of ultra-rich donors in the American political scene. Exhibit 1: Jeb Bush. Bush’s $100 million in super PAC fundraising was supposed to be part of a shock-and-awe campaign that would scare away competitors and give him a smooth path to the Republican presidential nomination. Well, it hasn’t worked out that way.”
“But this overly simplistic analysis misses the key role of money in contemporary American politics. In spite of the rhetoric of some campaign reformers, money doesn’t buy elections. Instead, it increases the odds of electoral victory and of getting one’s way on policies, tax breaks and government contracts. And the presidential race is the place we are least likely to see money’s effects. Looking to Congress and the states, though, we can see that the era of big money unleashed by the Supreme Court is hurtling us toward a plutocracy in which the people with the greatest economic power can wield great political power through campaign donations and lobbying.”
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