Adam Smith
1723–1790, Scotland (the Scottish Enlightenment: Kirkcaldy, Glasgow, Edinburgh)
When One Purse Drowns a Chorus of Citizens
A single fortune pouring $158 million into one Senate race is not free speech enlarged but the price system of politics hopelessly distorted against the public.
The figures before us are, even to one long accustomed to reckon millions, astonishing. In a contest for a Senate seat in Texas, more than $158 million in outside spending now supports one candidate. We are told that the largest share of this torrent comes from one of the world’s richest men, who in a single month sent $158 million to a political fund, which immediately passed it on to a group backing that candidate. The rival, perceiving the disproportion, has likened himself to David set against Goliath. When the sling-stone of argument must contend with the siege engines of treasure, we may doubt whether the field remains a fair one.
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