Campaign finance reform: boon or bane?
Money and politics have existed hand in hand. Money is budgeted and spent for various causes for the welfare of the people: projects, scholarships, and even campaigns. Campaigns are made to be able to influence a certain group of people, depending on what the target of the campaign is. The most common of which are, of course, political campaigns which involve the people in general, especially if we’re talking about election. In the United States, a reform has been established to impose a change on how money is used in politics as a whole.
It even emphasizes to somewhat control the money used specifically on political campaigns. This is referred to as Campaign Finance Reform (Wikipedia, 2007). If we focus on political campaigns, Campaign Finance Reform favors those politicians who are already in position because they have already been recognized by the people, which makes it hard for the new ones who are trying to get a certain position. Also, the incumbent need not much advertising since they can be recognized by the projects they have done in the past.
The challenger has the tendency to release large amount of money so as to equal the one in position. This also takes away or discourages the other hopefuls, especially those who lack financial backups, thus giving way to the elites who can sustain everything that is necessary in running for a position (Lloyd). Campaign Finance Reform is complex. People had been constantly on debate on whether this should be accepted for reforms must be made for the betterment of the nation and not to narrow down people’s freedom.
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They say it isn’t a wise move to compress the money used in political campaigns. They should instead divert and point to some laws that holds back people’s right in any way (James Bopp, 1999). There had been a wide share of points of view depending on the speaker’s status.
The impact of the said reform may vary with regards to the group of people upon which the reform is directed.
References: JAMES BOPP, J. (1999) Campaign Finance “Reform”: The Good, The Bad and the Unconstitutional. LLOYD, C. Campaign Finance Reform. WIKIPEDIA (2007) Campaign finance reform.