Why politics costs so little
RALEIGH — American politicians, parties, and interest groups spend relatively little on their electoral campaigns. The side that spends the most money doesn’t always win. And if we really want to improve our political system, we’ll know we’re succeeding if total spending on campaigns goes way up.
If these propositions strike you as strange, I’m not surprised. They clash with years of relentless media spin and political agitation by those who want to socialize the financing of political campaigns (much as they want to further socialize the financing of health care and education).
The Center for Responsive Politics, which is far from a conservative outfit, does excellent work reporting on campaign finance. Since 1998, it has produced estimates of total spending on federal campaigns by ...