Campaign spending limits would reduce extinction risk (but spending limits might not accord with Constitutional principles)
Many people support stricter regulations on frontier AI, and some of those people donate to political campaigns for pro-regulation candidates. Not many people oppose AI regulations, but that group includes AI companies and execs who have giant piles of cash to throw at super PACs.
This situation is made possible by three court decisions:
- Buckley v. Valeo (1976) held that limits on independent political spending violate the First Amendment (while limits on direct contributions to candidates do not).
- Citizens United (2010) extended those First Amendment protections to corporations and unions, thus allowing them to spend unlimited money on political ads.
- SpeechNow.org v. FEC (2010) built on Citizens United to allow unlimited donations to independent-expenditure-only committees—i.e., super PACs—as long as they don’t directly work with political candidates.
Donations straight to a candidate are still capped at a few thousand dollars per person; donations to a super PAC supporting that candidate are not. If SpeechNow were overturned, or a law passed overriding it, the $5,000 cap on super PAC contributions would apply again, which means the popularity of a position would matter more than how rich its supporters are.
(I often hear “Overturn Citizens United” as the slogan, but SpeechNow allows super PACs to exist, and Buckley v. Valeo enables unlimited spending by individuals. What the advocacy groups in the space really want to do is restore the power of Congress and the states to enforce spending limits.)
Restoring spending limits would prevent unpopular but rich anti-regulation special interests (like Leading the Future) from dominating the political funding landscape. This would make the AI regulation situation better, but it would also improve the situation on any policy issues where unpopular, wealthy special interests wield disproportionate (and arguably un-democratic) influence.
It would also worsen any situation in which rich special interests are in the right, and the majority is in the wrong. But there aren’t many of those, and anyway there’s good reason to dislike an un-democratic process even if it produces a good outcome in a particular case.
An important caveat: Before writing this post, I was confident that imposing campaign spending limits would be a good thing. After doing some more research, I find it hard to dismiss the free speech defense of unlimited campaign spending (I’ll say more about this in the next section). Both sides of the debate have points in their favor. My thesis in this post should be taken as the narrow claim that campaign spending limits would have positive first-order effects on AI extinction risk, and they’re worth exploring on that basis. I don’t have an established view on whether stricter spending limits would be good or bad all-things-considered.
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