Does Money Corrupt Politics?
Should we worry when money and politics mix? Common wisdom suggests that large campaign contributions can corrupt politicians and disenfranchise regular voters. But Bradley Smith, former chairman of the Federal Elections Commission under President George W. Bush, warns that laws designed to regulate campaign contributions can have unintended consequences, actually making the playing field more advantageous for incumbents and stifling broad participation in the political process.
Smith is currently the Josiah H. Blackmore II/Shirley M. Nault Professor of Law at Capital University Law School in Bexley, Ohio — a suburb of Columbus. Here, he explains the downside to campaign finance reform in a brief talk for LearnLiberty.org