this post was submitted on 26 Oct 2024
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Given the decline in traditional media, is this still true?
interesting question. Maybe I am unknowingly spouting propoganda. Looked it up. Its true over 80% of the time, but I thought that number would be higher. Theres a chart midway down the page if you want a TLDR
https://fivethirtyeight.com/features/money-and-elections-a-complicated-love-story/
I can see money having greater influence at lower levels of government. I'm thinking more about advertising and the presidential race.
This was my feeling. I bet the returns on traditional advertising are diminishing. Also Trump seems to generate a huge amount of publicity (good and bad) without spending much money.
Money mostly wins, but not always. Democrats desperately want it to be true always, but they've spent a ton of money on losing elections. Trump's victory was the big one. It's hard to have a popular campaign message and solid ground game campaigning and make tons of appearances, spending absurd amounts of money makes it easier.