How to protect democratic politics from the malign influence of money?

Ever since Aristotle, it has been recognised that money poses a particular threat to the integrity of political office. Ever the realist, Aristotle knew that those who seek political office are invariably motivated by a certain ambition (philótimo). Though not problematic in itself, but when combined with avarice (philochrematía) it can give rise to a form of corruption as corrosive as the unconstrained exercise of political power.For as Aristotle would put it, one who accepts gifts (katadōrodokoúmenos) will also be one who shows favouritism (katacharizómenos). He holds up as an example the council of “elders” (gérontas) in Sparta, who were “well known to have taken bribes and to have been guilty of partiality in public affairs” (Politics II.1271). The fault of the Spartan system, he concluded, the source of its underlying political rot, was a kind of pervasive unaccountability (aneuthúnos), such that citizens no longer had a reasonable expectation of impartial treatment from lawmakers — which is to say, they could no longer expect justice.The suspicion of hidden influence and the fear of special consideration undermine the faith of citizens in our shared institutions to behave justly. Even when these institutions are conducting themselves equitably and representatives are making decisions on principled grounds, the ubiquity of money in politics breeds mistrust and ensures that suspicion lingers just below the surface of democratic life.This is why any healthy political order depends on trust and is sustained through rigorous forms of public accountability. For once democratic faith is lost or significantly damaged, it lends credence to the claims of populist entrepreneurs and charlatans that politics per se is corrupt and that anti-democratic means are the only way to fix an untenable status quo.Concerns around overt political corruption and undue influence being exerted by oligarchs and billionaires over government policy have reached endemic levels in places like the United States, the UK and France over the last decade. And while Australia has been spared the luridness and eyewatering sums of political “donations” now commonplace in US politics, public faith in this country has nonetheless been challenged, to say the least, over the last month by a series of political scandals from across the political spectrumIn each case, the question of money in politics goes deeper than what is legal — it goes to what corrupts public perception of, and faith in, democratic politics itself. Is that criterion best served through aggressive anti-corruption bodies? Or is there a case for something more thoroughgoing: not just caps on donations or a prohibition on donations from certain sectors, but a ban on private donations altogether?Guest: Yee-Fui Ng is an Associate Professor of Law at Monash University, where she specialises in the areas of public law and political integrity. Her most recent books are Combatting the Code: Regulating Automated Government Decision-Making in Comparative Context and The Rise of Political Advisors in the Westminster System.