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R EPU BLIC, LOST (cid:53)(cid:72)(cid:83)(cid:88)(cid:69)(cid:79)(cid:76)(cid:70)(cid:47)(cid:82)(cid:86)(cid:87)(cid:66)(cid:43)(cid:38)(cid:87)(cid:72)(cid:91)(cid:87)(cid:41)(cid:20)(cid:17)(cid:76)(cid:81)(cid:71)(cid:71)(cid:3) (cid:76)(cid:3) (cid:27)(cid:18)(cid:21)(cid:22)(cid:18)(cid:20)(cid:20)(cid:3) (cid:20)(cid:29)(cid:20)(cid:28)(cid:29)(cid:24)(cid:21)(cid:3)(cid:36)(cid:48) R EPU BLIC , LOST How Money Corrupts Congress—and a Plan to Stop It ★ Lawrence Lessig NEW YORK BOSTON (cid:53)(cid:72)(cid:83)(cid:88)(cid:69)(cid:79)(cid:76)(cid:70)(cid:47)(cid:82)(cid:86)(cid:87)(cid:66)(cid:43)(cid:38)(cid:87)(cid:72)(cid:91)(cid:87)(cid:41)(cid:20)(cid:17)(cid:76)(cid:81)(cid:71)(cid:71)(cid:3) (cid:76)(cid:76)(cid:76)(cid:3) (cid:27)(cid:18)(cid:21)(cid:22)(cid:18)(cid:20)(cid:20)(cid:3) (cid:20)(cid:29)(cid:20)(cid:28)(cid:29)(cid:24)(cid:21)(cid:3)(cid:36)(cid:48) Copyright © 2011 by Lawrence Lessig All rights reserved. Except as permitted under the U.S. Copyright Act of 1976, no part of this publication may be reproduced, distributed, or transmitted in any form or by any means, or stored in a database or retrieval system, without the prior written permission of the publisher. Twelve Hachette Book Group 237 Park Avenue New York, NY 10017 www.HachetteBookGroup.com Twelve is an imprint of Grand Central Publishing. The Twelve name and logo are trademarks of Hachette Book Group, Inc. The publisher is not responsible for websites (or their content) that are not owned by the publisher. Printed in the United States of America First Edition: October 2011 10 9 8 7 6 5 4 3 2 1 LCCN: 2011935711 ISBN: 978-0-446-57643-7 (cid:53)(cid:72)(cid:83)(cid:88)(cid:69)(cid:79)(cid:76)(cid:70)(cid:47)(cid:82)(cid:86)(cid:87)(cid:66)(cid:43)(cid:38)(cid:87)(cid:72)(cid:91)(cid:87)(cid:41)(cid:20)(cid:17)(cid:76)(cid:81)(cid:71)(cid:71)(cid:3) (cid:76)(cid:89)(cid:3) (cid:27)(cid:18)(cid:21)(cid:22)(cid:18)(cid:20)(cid:20)(cid:3) (cid:20)(cid:29)(cid:20)(cid:28)(cid:29)(cid:24)(cid:21)(cid:3)(cid:36)(cid:48) As of February 27, 2014, this work is licensed under a Creative Commons Attribution-NonCommercial License. bit.ly/CC-BYNC4 To the million Arnold Hiatts that this revolution will need (cid:53)(cid:72)(cid:83)(cid:88)(cid:69)(cid:79)(cid:76)(cid:70)(cid:47)(cid:82)(cid:86)(cid:87)(cid:66)(cid:43)(cid:38)(cid:87)(cid:72)(cid:91)(cid:87)(cid:41)(cid:20)(cid:17)(cid:76)(cid:81)(cid:71)(cid:71)(cid:3) (cid:89)(cid:3) (cid:27)(cid:18)(cid:21)(cid:22)(cid:18)(cid:20)(cid:20)(cid:3) (cid:20)(cid:29)(cid:20)(cid:28)(cid:29)(cid:24)(cid:21)(cid:3)(cid:36)(cid:48) (cid:53)(cid:72)(cid:83)(cid:88)(cid:69)(cid:79)(cid:76)(cid:70)(cid:47)(cid:82)(cid:86)(cid:87)(cid:66)(cid:43)(cid:38)(cid:87)(cid:72)(cid:91)(cid:87)(cid:41)(cid:20)(cid:17)(cid:76)(cid:81)(cid:71)(cid:71)(cid:3) (cid:89)(cid:76)(cid:3) (cid:27)(cid:18)(cid:21)(cid:22)(cid:18)(cid:20)(cid:20)(cid:3) (cid:20)(cid:29)(cid:20)(cid:28)(cid:29)(cid:24)(cid:21)(cid:3)(cid:36)(cid:48) Contents Preface xi Introduction 1 PART I: The Nature of This Disease 11 1. Good Souls, Corrupted 13 2. Good Questions, Raised 21 3. 1 + 1 = 37 PART II: Tells 41 4. Why Don’t We Have Free Markets? 43 5. Why Don’t We Have Efficient Markets? 53 6. Why Don’t We Have Successful Schools? 61 7. Why Isn’t Our Financial System Safe? 67 Where Were the Regulators? 84 8. What the “Tells” Tell Us 87 PART III: Beyond Suspicion: Congress’s Corruption 89 9. Why So Damn Much Money 91 Demand for Campaign Cash 92 Supply of Campaign Cash: Substance 96 vii (cid:53)(cid:72)(cid:83)(cid:88)(cid:69)(cid:79)(cid:76)(cid:70)(cid:47)(cid:82)(cid:86)(cid:87)(cid:66)(cid:43)(cid:38)(cid:87)(cid:72)(cid:91)(cid:87)(cid:41)(cid:20)(cid:17)(cid:76)(cid:81)(cid:71)(cid:71)(cid:3) (cid:89)(cid:76)(cid:76)(cid:3) (cid:27)(cid:18)(cid:21)(cid:22)(cid:18)(cid:20)(cid:20)(cid:3) (cid:20)(cid:29)(cid:20)(cid:28)(cid:29)(cid:24)(cid:21)(cid:3)(cid:36)(cid:48) viii Contents Supply of Campaign Cash: New Norms 99 Supply of Campaign Cash: New Suppliers 100 Economies, Gift and Otherwise 107 10. What So Damn Much Money Does 125 A Baseline of Independence 127 Deviations from a Baseline 131 0. It Matters Not at All 134 1. Distraction 138 2. Distortion 142 3. Trust 166 11. How So Damn Much Money Defeats the Left 172 12. How So Damn Much Money Defeats the Right 193 1. Making Government Small 196 2. Simple Taxes 199 3. Keeping Markets Efficient 207 13. How So Little Money Makes Things Worse 214 The Ways We Pay Congress 216 The Benefits of Working for Members 221 14. Two Conceptions of “Corruption” 226 PART IV: Solutions 249 15. Reforms That Won’t Reform 251 The Incompleteness of Transparency 251 The (Practical) Ineffectiveness of Anonymity 260 16. Reforms That Would Reform 264 The Grant and Franklin Project 265 17. Strategy 1: The Conventional Game 273 (cid:53)(cid:72)(cid:83)(cid:88)(cid:69)(cid:79)(cid:76)(cid:70)(cid:47)(cid:82)(cid:86)(cid:87)(cid:66)(cid:43)(cid:38)(cid:87)(cid:72)(cid:91)(cid:87)(cid:41)(cid:20)(cid:17)(cid:76)(cid:81)(cid:71)(cid:71)(cid:3) (cid:89)(cid:76)(cid:76)(cid:76)(cid:3) (cid:27)(cid:18)(cid:21)(cid:22)(cid:18)(cid:20)(cid:20)(cid:3) (cid:20)(cid:29)(cid:20)(cid:28)(cid:29)(cid:24)(cid:21)(cid:3)(cid:36)(cid:48) Contents ix 18. Strategy 2: An Unconventional (Primary) Game 276 19. Strategy 3: An Unconventional Presidential Game 280 20. Strategy 4: The Convention Game 290 21. Choosing Strategies 305 Conclusion: Rich People 309 Acknowledgments 319 Appendix: What You Can Do, Now 323 Notes 327 Index 371 (cid:53)(cid:72)(cid:83)(cid:88)(cid:69)(cid:79)(cid:76)(cid:70)(cid:47)(cid:82)(cid:86)(cid:87)(cid:66)(cid:43)(cid:38)(cid:87)(cid:72)(cid:91)(cid:87)(cid:41)(cid:20)(cid:17)(cid:76)(cid:81)(cid:71)(cid:71)(cid:3) (cid:76)(cid:91)(cid:3) (cid:27)(cid:18)(cid:21)(cid:22)(cid:18)(cid:20)(cid:20)(cid:3) (cid:20)(cid:29)(cid:20)(cid:28)(cid:29)(cid:24)(cid:21)(cid:3)(cid:36)(cid:48) (cid:53)(cid:72)(cid:83)(cid:88)(cid:69)(cid:79)(cid:76)(cid:70)(cid:47)(cid:82)(cid:86)(cid:87)(cid:66)(cid:43)(cid:38)(cid:87)(cid:72)(cid:91)(cid:87)(cid:41)(cid:20)(cid:17)(cid:76)(cid:81)(cid:71)(cid:71)(cid:3) (cid:91)(cid:3) (cid:27)(cid:18)(cid:21)(cid:22)(cid:18)(cid:20)(cid:20)(cid:3) (cid:20)(cid:29)(cid:20)(cid:28)(cid:29)(cid:24)(cid:21)(cid:3)(cid:36)(cid:48)

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2011·4.6 MB·English
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