Cronkite was a vocal advocate for free airtime for political candidates. He worked with the Alliance for Better Campaigns and Common Cause, for instance, on an unsuccessful lobbying effort to have an amendment added to the McCain-Feingold-Shays-Meehan Campaign Finance Reform Act of 2001 that would have required TV broadcast companies to provide free airtime to candidates. Cronkite criticized the present system of campaign finance which allows elections to "be purchased" by special interests, and he noted that all the European democracies "provide their candidates with extensive free airtime." "In fact," Cronkite pointed out, "of all the major nations worldwide that profess to have democracies, only seven – just seven – do not offer free airtime" This put the United States on a list with Ecuador, Honduras, Malaysia, Taiwan, Tanzania, and Trinidad and Tobago. Cronkite concluded that "The failure to give free airtime for our political campaigns endangers our democracy." During the elections held in 2000, the amount spent by candidates in the major TV markets approached $1 billion. "What our campaign asks is that the television industry yield just a tiny percentage of that windfall, less than 1 percent, to fund free airtime."