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The Perils of Political Advertising and Campaign Finance
This chapter examines the challenges faced by political incumbents due to aggressive advertising from ideologically driven organizations lacking accountability. It reflects on past regulatory frameworks established post-Watergate, scrutinizing the unintended consequences of campaign finance laws and the evolving nature of fundraising strategies. The discussion highlights the growing influence of small donor contributions and the pressing need for improved regulations to mitigate political polarization and wealth inequality in the U.S.