Compiling an original dataset of large donations and nominations for "peerages" that allow them to take a seat in the Lords, the authors show that, when the "usual suspects" for a position, like former MPs and party workers, are accounted for, donations seem to play an outsize role in accounting for the remaining peers. We do this by looking at a novel example: the United Kingdom's appointed Second Chamber, the House of Lords. In this paper we try and go one step further: to show that donors can become legislators. Researchers have used experiments and other techniques to show that Congressional staffs are more responsive to requests from donors compared to others, and have also shown aggregate trends in responsiveness to the preferences of the wealthier. Political scientists have tried to tackle the issue in two main steps: firstly, by showing that money can buy access to legislators and secondly, that legislators are thereby more responsive to the wishes of donors when writing and voting on laws. So too scholars have taken up the topic with renewed vigor. The Supreme Court decisions in Citizens United and McCutcheon, amongst others, have increased the political salience of potential campaign finance reforms, and the Great Recession has reinvigorated a public debate on regulatory capture by Wall Street. One of the main reasons cited for this lack of trust in public opinion polls has been the role of money in politics. Trust in political institutions has declined across developed democracies.
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