Jude's Threshold

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Archive for March 16th, 2015

Sheldon Adelson: The Plutocrat’s Plutocrat

A great analysis:

The Oligarch Kings

Sheldon Adelson: The Plutocrat’s Plutocrat

David Macadam

American elections have always been hugely and increasingly expensive, each one setting fresh records. Now even these obscene sums pale into obscurity in the face of a true game-changer; the SuperPAC. These groups are legally sanctioned by two cases in 2010, Citizens United v Federal Election Commission and Speechnow.org v FEC. These decisions bizarrely held that cash equals free speech and corporations are people, therefore the 1st amendment freedom of speech protects unlimited non-disclosed contributions.

Since then, the floodgates have opened and unimaginable funds are flowing into American politics largely through SuperPAC’s, which can be funded by individuals, corporations, unions, and ‘groups’ who tend to be collections of like minded billionaires. There is no legal limit on the size of the donation.

While this has given a green…

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Written by Jude Cowell

March 16, 2015 at 4:45 pm

Posted in Uncategorized

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