Government funding of political campaigns and restrictions on campaign spending could potentially mitigate the principal-agent problem by aligning politicians' interests more closely with those of their constituents rather than with wealthy donors. By reducing the influence of money in politics, elected officials may prioritize public welfare over special interests, leading to more accountable governance. However, the effectiveness of such reforms depends on their design and implementation, as well as the broader political context. Ultimately, while these measures may help, they are not a panacea for the complexities of political representation.
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