Tuesday, 10 July 2012

"A Tsunami of money hits US politics"

According to Richard McGregor in the Financial Times there are three ways of funding US Presidential candidates. Both donations, capped to $40000, and uncapped super-political action committees, must be disclosed. But "non-profit social welfare bodies... can take as much money as they want, anonymously. These are supposed to operate exclusively for social welfare reasons, but everyone knows their sole purpose is to win elections" (quoted from MoneyWeek 6/7/12).
The problem of hidden vested interests buying political support has the potential of corrupting democracy. If individuals vote on each issue, as I propose in Interactive Democracy, the problem becomes far less.

1 comment:

Shaun Beaumont said...

This is really quite an important point.

ID takes the concentration away from individuals and their political personality /campaign, and focuses on the political issues.

This is actually a very important facet of Interactive Democracy.