Anyone who doesn't think Wall Street has much impact on US government decisions and democracy, should check out the amount of money that's pouring in from banks, insurance companies and stock broking firms into the pockets of politicians.
The latest figures reveal that donations from , finance, insurance, and real estate companies soared by a whopping 405 per cent over the last two decades.
The sick part is that the system in the US actually allows this to happen. Under the US Supreme Court's Citizens United ruling, corporations are allowed to give unlimited donations to political campaigns under the First Amendment. It's all based on the assumption that corporations have the same legal rights as people. Yeah, that makes sense. Not.
In other words, corporations have the legal right in the US to hijack democracy. If you want to see how bad it is, check out this appalling graph here showing how much corporate donations have increased by. Frankly, the banks own the US government.
Most Americans know exactly what's going on and they're sick of it. As reported here, American voters widely reject the notion that corporations have the same constitutional rights as people, and there's a 3-to-1 opposition to unlimited corporate spending in campaigns.
They will have to put pressure on the US government to change it.
no comment untill now