Money in Politics

People worry whenever money and politics mix – but should they? Common wisdom suggests that large campaign contributions can corrupt politicians and disenfranchise regular voters. If this is true, then regulations that limit the role of money in politics should lead to better governance. However, this hasn’t been the case.

Professor Bradley Smith explains why attempts to separate money from politics have failed. As regulations surrounding political contributions have expanded, the edge that incumbent politicians enjoy over challengers has intensified. The real result of these regulations, Prof. Smith argues, is that politics has become “a specialized game for an elite group of people who know the ropes and can manipulate them to their advantage.”

What do you think? Watch the video and share your opinion in the comments!