October 1987 · National edition

The Nation

On Campaign Finance, and a middle reading of the week

A The Nation desk reading of campaign finance, filed 1987-10.

From the file. Written for the paper dated October 1987. Opened in the public stacks July 14, 2026.

As the 1988 election cycle heats up, the issue of campaign finance looms larger than ever, revealing a stark divide between the excesses of both the left and the right.

President Ronald Reagan Nancy Reagan Rajiv Gandhi and Mrs Gandhi in The Yellow Oval Room During a State Dinner for Prime Minister Rajiv Gandhi of India
President Ronald Reagan Nancy Reagan Rajiv Gandhi and Mrs Gandhi in The Yellow Oval Room During a State Dinner for Prime Minister Rajiv Gandhi of India. Photo: The White House

Campaign Contributions: The Good, the Bad, and the Ugly

The debate surrounding campaign finance has reached a fever pitch this week, with both major parties engaging in what can only be described as a race to the bottom. On one side, we have the Democrats, who argue for increased regulations on contributions, calling for transparency and accountability. Yet, their rhetoric often rings hollow as we witness their own candidates accepting large sums from corporate interests, undermining their own pleas for reform. On the other side, the Republicans champion the cause of free speech, equating unlimited donations with the fundamental right to express political opinions, while simultaneously opening the floodgates for special interests to drown out the voices of ordinary citizens.

“We're witnessing a troubling trend where the influence of money overshadows the democratic process.”

As the 1988 elections draw near, it is imperative that voters remain vigilant. Campaign finance reform is not merely a talking point; it is a necessity for safeguarding democracy. The recent bipartisan call for stricter limits on contributions has been met with resistance from both parties, revealing the uncomfortable truth that many lawmakers are more beholden to their financial backers than to their constituents.

President Ronald Reagan During a Visit of Deputy Prime Minister and Minister of Foreign Affairs of Iraq Tariq Aziz in An Oval Office Meeting
President Ronald Reagan During a Visit of Deputy Prime Minister and Minister of Foreign Affairs of Iraq Tariq Aziz in An Oval Office Meeting. Photo: The White House

The Left's Call for Reform

The left has been vocal about the need for campaign finance reform, positioning themselves as defenders of the common citizen against the encroachment of money in politics. However, the reality is that many Democratic candidates have been complicit in perpetuating the existing system. High-profile figures are often funded by large unions and corporations, raising questions about their commitment to true reform. This hypocrisy is not lost on the electorate, who are increasingly disillusioned by the duplicity displayed by those who claim to champion their causes.

The argument made by some Democrats that increased regulation will level the playing field is possibly naïve. If history has taught us anything, it is that those with money will always find a way to circumvent the rules. Instead of pushing for reforms that may simply result in new loopholes, the focus should shift to empowering citizens through grassroots movements. This approach may foster genuine engagement in the political process rather than relying on the largesse of wealthy benefactors.


The Right's Defense of Freedom

On the other side of the political spectrum, the Republican Party continues to advocate for the rights of individuals to contribute as they see fit, framing campaign donations as an extension of free speech. This argument, however, conveniently ignores the reality that the wealthiest Americans have an outsized influence on the political landscape. When a small number of individuals can dictate the terms of political discourse through financial contributions, the democratic ideal of equal representation is severely compromised.

“It's not just about free speech; it's about whose voices are being heard.”

Moreover, the embrace of Super PACs and other entities designed to facilitate unlimited spending has produced a political environment where the average voter feels increasingly marginalized. As candidates spend exorbitant amounts on television ads and campaign events targeted at the wealthy, the voices of working-class Americans are drowned out. The right's commitment to free speech must also encompass a commitment to equitable access to the political process - a principle that currently feels out of reach.


A Call for Bipartisan Action

As we move closer to the elections, it is crucial that both parties recognize the need for meaningful reform in campaign finance. Voters are tired of empty promises and conflicting interests. It is time for Democrats and Republicans alike to reject the influence of money in politics and prioritize the voices of their constituents.

The stakes are high, and the integrity of our democracy hangs in the balance. A collaborative approach to campaign finance reform, based on transparency and accountability, could restore faith in the political system and empower everyday Americans. Until then, we remain spectators in a political theater dominated by money and privilege, with the common citizen on the sidelines.

✦ ✦ ✦