Roger D. Hodge: “Speak, Money”

The October issue of Harper’s Magazine has an excerpt from Roger D. Hodge’s upcoming book, The Mendacity of Hope: Barack Obama and the Betrayal of American Liberalism. [Copy of the excerpt is here.]

Hodge seems to have read John P. McCormick’s paper “Contain the Wealthy and Patrol the Magistrates: Restoring Elite Accountability to Popular Government“. He writes:

In an ideal system of public campaign financing, in which all political speech has been equalized by law, in which political advertising is banned and persuasion stripped of its commercial aspect—the corporate businessman and the millionaire (not to mention the billionaire) would still stand taller than the common citizen. In fact, as the political theorist John P. McCormick has argued, the wealthy are likely to dominate any political regime that chooses its magistrates and lawmakers solely by means of election.

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