Home > Fande = Fact & Evidence, Original Thought, The Economy > The Supreme Court gives advantage to the Oligarchy

The Supreme Court gives advantage to the Oligarchy

When the Supreme Court Justices voted 5-4 in favor of unlimited corporate spending for political campaigns…the Supreme Court gave disproportionate advantage to the people with all the $$$.

The Oligarchy can buy politicians and influence the political process endlessly now…legally. Remember the top 20% have received over 90% of this country’s wealth during the last 20-plus years.

SOURCE: http://sociology.ucsc.edu/whorulesamerica/power/wealth.html

“Here are some dramatic facts that sum up how the wealth distribution became even more concentrated between 1983 and 2004, in good part due to the tax cuts for the wealthy and the defeat of labor unions: Of all the new financial wealth created by the American economy in that 21-year-period, fully 42% of it went to the top 1%. A whopping 94% went to the top 20%, which of course means that the bottom 80% received only 6% of all the new financial wealth generated in the United States during the ’80s, ’90s, and early 2000s (Wolff, 2007).”

All the Oligarchy has to do is act through a corporate board of directors to affect a political campaign (and potentially without being named, if the lawyer James Bopp, Jr. of The Citizens United case has his way).

Related article:

http://www.nytimes.com/2010/01/25/us/politics/25bopp.html

We need Congress to make new laws to supersede the Supreme Court’s poor decision that would lead to deleterious, and possibly disastrous, outcomes for our Democracy in the United States of America.

Opinion-Editorial from the New York Times:

http://www.nytimes.com/2010/01/22/opinion/22fri1.html

EXCERPTS:

“The majority is deeply wrong on the law. Most wrongheaded of all is its insistence that corporations are just like people and entitled to the same First Amendment rights. It is an odd claim since companies are creations of the state that exist to make money. They are given special privileges, including different tax rates, to do just that. It was a fundamental misreading of the Constitution to say that these artificial legal constructs have the same right to spend money on politics as ordinary Americans have to speak out in support of a candidate….

In dissent, Justice John Paul Stevens warned that the ruling not only threatens democracy but “will, I fear, do damage to this institution.” History is, indeed, likely to look harshly not only on the decision but the court that delivered it. The Citizens United ruling is likely to be viewed as a shameful bookend to Bush v. Gore. With one 5-to-4 decision, the court’s conservative majority stopped valid votes from being counted to ensure the election of a conservative president. Now a similar conservative majority has distorted the political system to ensure that Republican candidates will be at an enormous advantage in future elections.

Congress and members of the public who care about fair elections and clean government need to mobilize right away, a cause President Obama has said he would join. Congress should repair the presidential public finance system and create another one for Congressional elections to help ordinary Americans contribute to campaigns. It should also enact a law requiring publicly traded corporations to get the approval of their shareholders before spending on political campaigns.

These would be important steps, but they would not be enough. The real solution lies in getting the court’s ruling overturned. The four dissenters made an eloquent case for why the decision was wrong on the law and dangerous. With one more vote, they could rescue democracy.”

http://www.supremecourtus.gov/opinions/09pdf/08-205.pdf

* see page 88 for the opinions of the 4 judges who voted to preserve limitations on corporate-campaign contributions

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