Soft Money From the 1970s until 2002, interest groups could both give and use soft money, which is unregulated money. The Bipartisan Campaign Reform Act of 2002, however, banned the use of soft money. Interest groups are still looking for loopholes in the new regulations, and it is not clear yet what the long-term impact of the law will be.The Pros and Cons of Interest GroupsInterest groups generate a great deal of controversy. Some critics even blame interest groups for many of the problems in America. Other people, however, see interest groups as a vital component of the American democratic system.Pluralism Pluralismis the idea that democratic politics consists of various interest groups working against each other, balancing one another out so that the common good is achieved. President James Madison first put forth this idea in an essay called Federalist Paper No. 10 (1787), which urged New Yorkers to ratify the Constitution. According to
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