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Eroding campaign finance rules gives wealthy donors more power. It may also generate cynicism and political disengagement.
Last week's Supreme Court decision in McCutcheon v. FEC, which lifted aggregate limits on how much political donors can give, was not the most clear-cut conservative victory ever. Elected Democrats are officially unhappy, but their fundraisers won't mind the extra cash.
Yet the decision is clearly a setback for liberals—as distinct from Democratic party interests—and not just because other people don't tend to be rich people's top policy concern.