this post was submitted on 07 Mar 2024
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There are no financial reforms on this wish list, which are necessary to make these other reforms stick:
The lobbying one is prickly. Hiring an advocate for groups like homeless people, charities, minorities, protected classes, etc. may be a necessary evil to help ensure that people are heard out. At the same time, it leaves the door wide open for anyone with big piles of money to do the same thing. I suppose we could say that a repaired election process would provide all the coverage we need, but then we're probably back to "tyranny of the majority" arguments. I'm not saying it's solvable, but clearly something should be changed.
And shadow pools, and SEC very-obvious-not-even-hiding-it corruption, and financial institutions with way to high random frees, limit banks profiting short-term so much from eg monetary policy changes, etc.
You'll need a constitutional amendment or a radical change up in the Supreme Court to abolish PACs. That's considered a free speech issue. I am not sure I have high hopes of a constitutional amendment being passed in our lifetimes.
I think we already know what people have higher needs and have been historically marginalized and exploited. Instead of relying on private funding, we can have the state employ people to work on the project of "leveling the playing field". that committee or bureau would be transparent to the public and have elected positions within it but not be ultimately ruled by those elected officials. we could have people with verifiable community backgrounds employed on a regular and/or contract basis. this could allow work with regional groups and even more granular than that. basically i imagine providing them grants and resources to get the pulse of the communities they serve and channel that info back through. the people that know how best to serve local communities are the advocates within them.