If unlimited campaign spending is so advantageous to the political insiders, and entrenched interests, then why are they (McCain, Feingold, and other long-term career politicians) so opposed to it? How often do you see a politician advocate for something that puts them at a significant disadvantage, and helps their critics?
Long time incumbents can assume their position is safe unless there is a well funded challenger. Incumbents have plenty of air time and name recognition.