Campaign Finance and American Democracy
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In recent decades, and particularly since the Supreme court's controversial Citizens United decision, lawmakers and other elites have told Americans that stricter campaign finance laws are needed to improve people's faith in the election process, increase trust in the government, and counter cynicism toward politics more generally. But as David M. Primo and Jeffrey D. Milyo argue, politicians and the public alike would do well to reconsider the conventional wisdom in light of surprising empirical evidence to the contrary.
Primo and Milyo probe original survey data to determine Americans' sentiments on the role of money in politics, what drives these sentiments, and why they matter. What Primo and Milyo find is that while many individuals support the idea of reform, they are also skeptical that reform would successfully limit corruption, which Americans believe stains almost every fiber of the political system. Moreover, support for campaign finance restrictions is deeply divided along party lines, reflecting the polarization of our times. Ultimately, Primo and Milyo contend, American attitudes toward money in politics reflect larger fears about the health of American democracy, fears that will not be allayed by campaign finance reform.
David M. Primo is the Ani and Mark Gabrellian Professor at the University of Rochester. He is the author or coauthor of several books, including Rules and Restraint, also published by the University of Chicago Press. Jeffrey D. Milyo is professor of economics at the University of Missouri.