What do a shrimp farm in Saudi Arabia, fish-luring buoys for local fishermen in ‘Oman, and a domestic airline in Kazakhstan have in common?
In 1976, the United States Supreme Court inaugurated an era of nearly unlimited political spending with Buckley v. Valeo. After the Watergate scandal cratered a popular presidency and sent shockwaves through the political establishment, Congress responded to the democratic malaise with the 1974 amendments to the Federal Election Campaign Act of 1971 (FECA).