ETF Trends
ETF Trends

“Raise more money than your opponents.”

Sadly, this strategy more often than not, leads to success in politics.  It also corrupts our political system and leaves us far short of our desire to have “a government of the people, by the people, and for the people.”

Once the money has been raised (and all the promises made), how is that money being spent by those running for office?  I didn’t have to spend a lot of time using Google to confirm my suspicion that the biggest expenditures are for “media buys,” somewhere between 55-75% depending upon the year and the political office being sought.

Political campaigns are a huge source of revenue for the major networks and their local affiliates.  It’s billions of dollars, and the related expenses are negligible.  It has to be the most profitable segment of their business.  Recognizing this, I wouldn’t expect to see much effort from the Media to advocate any changes.

Read more at Iris.xyz.