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In other words: Political money and hence influence at the top levels is disproportionately white, male, and with almost no social context that includes significant numbers of African Americans and other people of color.

This is why money isn’t speech. Freedom of speech as a functional element in democratic life assumes that such freedom can be meaningfully deployed. But the unleashing of yet more money into politics allows a very limited class of people to drown out the money “speech” of everyone else—but especially those with a deep, overwhelmingly well documented history of being denied voice and presence in American political life.

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