What are the true cost of elections?

With the U.S. and the Philippines going through its current presidential elections and the UK finding the Tories flagged up for some of its undeclared expenses. I ask the question what is the true cost of elections? As we are simply seeing crazy amounts of money being thrown at “getting power” but at the same time you have to ask where does it come from and what deals are being cut to guarantee the money.

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http://amara.org/v/IPwL/