Supreme Court opens doors to corporate money
For two decades corporations have been prevented from spending money in support or opposition of political candidates and campaigns. They have argued that this represents a restrictions to their free speech (corporations, remember, have basic rights like people). Well today the Supreme Court came down 5-4 in support of that position, overturning regulations to prevent their giving.
What is this going to mean? Well the word "corporatocracy" seems to be popping up a lot. Many people are concerned that corporations with very deep pockets will spend like crazy to get their way in election season. "Business-friendly" will become the new "electable".
I imagine that in 2010 and probably even more so in 2012 we're going to see an explosion in political ads. You thought PACs were bad? That's just the tip of the iceberg. I don't know if this a step towards corporations running our country, but the volume of the yelling in political season is going to go up, which I fear may serve to drive more people out of the process.
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What is this going to mean? Well the word "corporatocracy" seems to be popping up a lot. Many people are concerned that corporations with very deep pockets will spend like crazy to get their way in election season. "Business-friendly" will become the new "electable".
I imagine that in 2010 and probably even more so in 2012 we're going to see an explosion in political ads. You thought PACs were bad? That's just the tip of the iceberg. I don't know if this a step towards corporations running our country, but the volume of the yelling in political season is going to go up, which I fear may serve to drive more people out of the process.
Recently on the Current News Blog:
- China to start watching texts
- Haiti: Challenges to come
- Haiti: Following along in the news
- The United Nations mission in Haiti
- Haiti reeling from 7.0 earthquake - Updates, Video, How to help
