James J. Hill Professor of Business Administration, Emeritus Mal Salter

No significant regulation of crony capitalism—where collusion among industries, their regulators, and Congress results in policies and investments that serve private corporate interests at the expense of the public interest—will occur without a major change in our approach to campaign financing. This is why I believe Conservatives and Progressives should join together in the type of reform that American Promise is pursuing. A constitutional amendment is difficult, but there may not be another viable route.