While I am sure we would agree on the dangers posed by certain wealthy donors
on both sides, the ruling of Citizen's United allows for something far more insidious - effectively a nullification of regulations set forth in a bipartisan campaign finance reform act eight years earlier (BCRA).
Essentially what we have today is a free-for-all. Any corporation can spend unlimited amounts of money (commonly referred to as "dark money") to influence politics, with virtually no oversight (i.e. FEC reporting requirements). As an individual, my ability to fund political campaigns is limited to thresholds set at the local and federal level, but a billion dollar company like FTX can give millions of dollars to politicians who put forward favorable regulations. Billion dollar AI companies will control potential future regulation in a similar manner. I'm oversimplifying here, and added some helpful links for anyone interested:
- Two Challenges for Campaign Finance Disclosure After Citizens United and Doe v. Reed - https://scholarship.law.wm.edu/wmborj/vol19/iss4/8/
- The Death of Non-Resident Contribution Limit Bans and the Birth of the New Small, Swing State - https://scholarship.law.wm.edu/wmborj/vol28/iss4/4/
- Why Contribution Limits on a Hybrid PAC’s Independent-Expenditure Arm are Impermissible - https://scholarship.law.wm.edu/wmborj/vol25/iss1/10/