22 January 2010

SCOTUS eviscerates campaign finance regulations: What to do about it

No doubt by now you’ve heard that the Supreme Court’s “conservatives” took an axe to regulations that for a century have limited corporate spending on political campaigns. By the slimmest of majorities, SCOTUS ruled today that corporations and unions may spend without limit on political issues and in support of candidates because they have free speech rights under the 1st Amendment just as any actual human being.

The ruling threatens to open floodgates to spending on a massive scale by corporations seeking to advance their own interests against the interests of, well, actual human beings. It should also do nicely to enhance the public’s cynicism about corporate influence over legislators (and elective judges). By itself the mere potential for uncontrolled corporate spending will tend to distort political calculations and legislative/judicial decisions – and the public’s perception of those things. The impact could be most severe in congressional elections where corporate spending or its potential will be most likely to overwhelm actual humans’ spending.

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