Sure, during the 2018 election, candidates, parties, PACs, and outsiders combined spent about $5 billion – $2.5 billion on Democrats, $2 billion on Republicans, and $0.5 billion on third parties. And although that sounds like a lot of money to you or me, on the national scale, it’s puny. The US almond industry earns $12 billion per year. Americans spent about 2.5x as much on almonds as on candidates last year.
This conflated two things as equivalent, and they are not equivalent.
Buying almonds is a market exchange with good transparency around what you’re getting and how much it’s going to cost.
Elections are not open market exchange. For starts, you aren’t buying a good. Another is that this discounts a lot of other election adjacent activities like all the party volunteers who are unpaid, for example. Those don’t count toward spend but if it did I imagine the totals would get much higher.
Not to mention, we are talking about someone getting elected who very well does have influence over citizenry. Buying almonds is just buying almonds. Getting elected is a transference of power.
Honestly elections are surprisingly cheap for what is gotten in return, but they couldn’t be more different
I'd say that by spending money on elections, both as donations and as taxes, we do buy a good: good governance (preferably) and peaceful transfer of power.
The problem is that the market is not efficient: only 2-3 offers, mostly from the same two brands, each brand with its own known serious problems. The process is actually an auction of sorts (first past the post), and returns are not accepted!
USA should eliminate first-past-the-post voting, and replace it with something like ranked choice voting. Allows for more brands in the election, as people can preference minor parties and not 'throw away their vote' if they didnt get enough votes in total.
2018 wasn't a presidential race, which consistently have higher spending. 2020 and 2024 were each over $15B, and there is a steady upward trend in real dollars.
The current supreme court also has a tendency to strike down campaign finance regulations. Everyone knows citizens United, but more recently e.g. AFP v Bonta (2021) struck down reporting requirements in California, which paves the way for unlimited anonymous spending, and Snyder (2022), which reclassifies anything except the most obvious bribes as "gratuities". We'll probably have more 5-4 or 6-3 decisions in the next four years that increase money in politics.
Not sure how is paying for food relevant to paying for politician. In many countries there is absolute cap per campaign to make it fair. Making it 'fair' is maybe not that relevant in two party system but still that amount of money from single entity is corruption.
Yup, it distorts what a politician will say and what bills they'll sponsor if they're elected. The most dangerous thing the $12 billion in almond money will do is buy a politician to allow them to skirt worker protections and environmental protections to continue maximizing almond money. That puts the interests of the politician not with the general population who wants clean water and safe non-abusive jobs but rather the few almond farm owners who want to maximize almond production while minimizing worker costs (and perhaps locking out new almond farmers from the industry).
This sort of kleptocracy is the problem with American politics. Bribery laws are so laughably bad that you have to literally stuff gold bars in your suit pockets before you run the risk of being prosecuted. You have to be a grade A moron to get caught.
Speaking of grade A morons. Our political establishment here in Ohio jumped into bed with a huge publicly traded energy company who was pushing millions of dollars each to various individuals. I'm still boggled that these people thought they could bag millions of dollars and no one would notice.
It used to be that when payoffs to politicians were discovered it would be paltry amounts like $10-30k that no one would notice and which are easily ingested into someone's finances without ringing any bells with the IRS or regulators. You would ask yourself why they would risk their career for such a small amount of money.
These politicians and appointed regulators in Ohio were trying to literally absorbed generational wealth without regulators or the IRS noticing. Impossible.
Our governor DeWine, who was definitely knowledgeable of all this and involved, was smart enough to keep his hands off the money--though they did fund his campaigns legally. He stands to serve out his final term and be replaced by one of the others in the cabal. (Yost), or Viveck Ramaswammy. The times.
https://slatestarcodex.com/2019/09/18/too-much-dark-money-in...