Well, it has been about a week since the United State Supreme Court ruled in the Citizens United case that corporate entities have “personhood” in that they can utilize the first amendment to spend in campaigns. Essentially, the floodgates have been opened, and both corporations and unions will get to drown out the smaller individual contributors with millions of dollars in political campaigns. Now, if you thought that your congressional members and senators were bought and paid for already, well, you ain’t seen nothing yet. Essentially, the little guys (individual voters) will now be drowned out by “corporate persons.”
There are many things wrong with this decision on so many levels, and people on the right, left, and center are voicing their concern. Even Senator John McCain, who has been an advocate of campaign finance reform, said this, “I am disappointed by the decision of the Supreme Court and the lifting of the limits on corporate and union contributions. However, it appears that key aspects of the Bipartisan Campaign Reform Act (BCRA), including the ban on soft money contributions, remain intact.”
Another issue with the “corporate personhood” is that it seems that foreign companies will get in on our political act. How is it that American citizens who participate in our elections will now have to compete with oodles of foreign money? We are already deeply indebted to China. A blogger at Unbossed writes, “Congress should prohibit any corporation from engaging in this new political spending if it has any non-American shareholders or owners.” And I completely agree with this one.
Anyway, there will be massive efforts to minimize the impact of this decision that cuts to the core of our democracy, but VivirLatino had a pretty good video explaining why this latest ruling is so damaging. I encourage you to watch it, and please share your thoughts.