Pay to Play Politics Examined, with Lessons for Campaign-Finance Reform
By Fred S. McChesney
Interest groups are infamous for soliciting special government favors, but favoritism is often supply driven, with politicians extracting payment from interest groups in exchange for protection from onerous regulations or special taxes. Campaign-finance reforms that ignore this reality are unlikely to achieve their objective.
|Other Independent Review articles by Fred S. McChesney|
|Spring 1999||Of Stranded Costs and Stranded Hopes|