John Samples on "The Fallacy of Campaign Financing Reform":
In other words, campaign finance laws are like a game in which one participant writes the rules and employs the referees (Congress created and oversees the Federal Election Commission). Like the official story, this alternative focuses on interests and corruption. The interests that threaten the public good, however, are those of public officials, not private actors. Elected officials, not businesses or labor unions, threaten democracy. The arrow of corruption runs from the government to civil society.