Nebula815
- 18
- 2
I believe corporations can break laws, certainly. And corporations that are privately-owned by a few people can still be big, for example Koch Industries.
That said, I do not believe any corporation can "buy" any Senate seat. McCain-Feingold, if anything, led to increases in the money in politics because corporations and special interests find ways to circumvent the laws, such as via political action committees as mentioned.
It also secures the ability of the rich and powerful to get and to remain in power. That's why it limited individuals to $2500 in campaign contributions. It makes it tougher for a non-rich person running for office to obtain funds.
It was another example of government intervention meant to accomplish one thing and instead creating the opposite.
If anything, McCain-Feingold made is easier to "buy" a Senate seat and striking it down now makes it harder.
As for foreign corporations messing in campaigns, well foreign corporations already are permitted to lobby in Washington. So do foreign governments. They both lobby Washington all the time and have been doing so for years. So I think this is a moot point. Some of the foreign corps even have front groups that act as "research organizations" to criticize their American competitors.
I'm not sure about lobbying, but on the campaigns issue, the only way to stop that is to outright ban all private funds to politicians and instead have all campaigns financed with public money, but that makes it very favorable to incumbents.
That said, I do not believe any corporation can "buy" any Senate seat. McCain-Feingold, if anything, led to increases in the money in politics because corporations and special interests find ways to circumvent the laws, such as via political action committees as mentioned.
It also secures the ability of the rich and powerful to get and to remain in power. That's why it limited individuals to $2500 in campaign contributions. It makes it tougher for a non-rich person running for office to obtain funds.
It was another example of government intervention meant to accomplish one thing and instead creating the opposite.
If anything, McCain-Feingold made is easier to "buy" a Senate seat and striking it down now makes it harder.
As for foreign corporations messing in campaigns, well foreign corporations already are permitted to lobby in Washington. So do foreign governments. They both lobby Washington all the time and have been doing so for years. So I think this is a moot point. Some of the foreign corps even have front groups that act as "research organizations" to criticize their American competitors.
I'm not sure about lobbying, but on the campaigns issue, the only way to stop that is to outright ban all private funds to politicians and instead have all campaigns financed with public money, but that makes it very favorable to incumbents.