The Supreme Court ruled against legislation that’s been in place since the 1900’s today, lifting restrictions on how much money corporations can spend to sway voters in elections. The SCOTUS ruled that a corporation, (which isn’t a human being, but a business organization regulated by law) has the same constitutional protection as a person under the 1st amendment guaranteeing free speech.
This ruling pretty much makes individual contributions to political organizations and campaigns irrelevant. Because of this ruling, if a (for example) huge health care firm decides to spend all 2 billion dollars of it’s profits to fight a government proposal (like health care reform) they can do so. We’ve essentially handed over the keys to our democracy to corporations who’s sole purpose is to make money. What makes sense for a corporation doesn’t make sense for a goverment, or it’s citizens. If corporations had this power in the past we would have never seen :
Child Labor Laws
A Minimum Wage
Consumer Protection Programs
Any regulation whatsoever of banks and the Stock Market
Safety regulations for automobiles
Equal Opportunity Act
The list goes on and on. What will this affect short term? How about :
Health Care Reform
Environmental Protection Programs
Everything I’ve listed above, corporations would have/will be against because they affect their profits, which affects their stock prices. The goverment is supposed to protect its citizens. A corporation is supposed to make money. Most of the time, the 2 philosophies don’t jive.
If you applaud the SCOTUS decision you must:
a) be a head of a large corporation
b) be a rich investment banker
c) mistakingly believe that corporations all have our best interests at heart and that they’d never use their position of power to manipulate our goverment (even more than they do now) for their benefit.
It blows my mind that with decades of people from both sides of the isle crying out for campaign finance reform, and complaining about lobbyists controlling our goverment that anyone would actually argue that the SCOTUS ruling is a good thing. Then again, as cozy as the Republican party is with big business, I guess they would consider the ruling a victory. Given time, they’ll probably make a lot of money off the decision.