Adam Smith
1723–1790, Scotland (the Scottish Enlightenment: Kirkcaldy, Glasgow, Edinburgh)
When Merchants Buy the Election, Farmers Pay the Bill
In the modern trade of politics, super PACs and monopolists haggle for power while the labouring farmer quietly foots the unseen cost.
Begin, if you please, not in the fields of Iowa but at a candidate’s balance sheet. In one contest, I am told, a super political committee has laid out more than a million dollars to assist one aspirant and to oppose another; in another, a committee of governors has advanced five million to a different favourite; in a third, a man disdaining “Big Ag” donations has simply contributed some millions to himself, while a local machine supplies the rest. The sums are large, the donors few, the supposed beneficiaries the public at large. Yet whenever benefits are thus concentrated and costs dispersed, prudence bids us ask, not who writes the cheque, but who will ultimately pay it.
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