Venture Capitolism
The rapidly multiplying White House funding scandals won't
change how people in capitols raise capital; question the
very purpose of national governments in the late 20th
century. But they will provide endless months, if not years,
of entertainment as politicos explain why their activities
were legal and/or ethical.
The legal effort to nail Clinton is widely assumed to be
silly and hypocritical--and doomed--because, of course, The
[other] Republicans Do It Too. Tweedledee investigators
focus on narrow issues of legality (especially the ones
germane only to the White House and not Congress--let's face
it, sleeping in the Lincoln Bedroom makes infinitely better
copy than sleeping in the Senate Office Building).
Despite the comedy, and the high ratio of noise to
substance, any spotlight on the endless creative ways
corporations and high-ranking politicians of both parties
grease each others' futures has at least the potential for
raising all sorts of useful related issues. Here are eight
to start with:
Size of donations: Pundits agree, "Everyone does it."
But leaving it at that obscures just how much
everyone does, and how much more they've been doing
recently. Between $1.6 and $2 billion was spent on
the Presidential and Congressional races in 1996--three
times the 1992 amount. TV ad rates didn't triple during that
time. But the free market value of buying government
officials did.
Cheapness of donations: At the same time, those
donations--$50,000 here, $100,000 there--are tiny next to
the benefits a donor may get. A policy break like the 1996
Communications Act gift of public airwave space to Microsoft
may, over the next few decades, might be worth hundreds of
billions. So why not buy Congress to make sure it
happens? It's actually amazing how little an enterprising
transnational like, say, Archer-Daniels-Midland needs to pay
to sew up the democratic process (with enough left over to
buy public broadcasting).
Office-holders as full-time fundraisers:
Congressional incumbents won 95% of contested races in 1996
for one simple reason: they had more favors to sell, and
more staff with which to do it. The bogus outrage over
Clinton, Gore et al actually (gasp) raising funds from their
offices in public buildings, with public facilities,
practically begs for the question: WHAT ELSE DO THEY DO?
Four months after the last election, would-be Presidential
candidates for 2000 are already lining up donors. High
public office has become a full-time quest for money and
power, with occasional breaks for image control, key votes,
and lunch. With rare exceptions, virtually all public policy
decisions are hostage to the quest for money. And even more
staff budget can be freed up for fundraising when bills are
being researched and written by the affected corporations in
the first place.
Correlations between donations and policy: Notably
missing from media coverage of the funding scandals is a
careful examination, over the last several years, of the
relationship between corporate support and politicians'
stances on related issues. Instinctively, we know what such
a study would reveal; the anecdotes are everywhere. A full
compilation of bills whose outcome was determined on the
basis of electoral funding sources would read a lot like the
Congressional Record.
Donors to both parties: It's not just that both major
parties in the U.S. rely on big corporate donors. In many
cases they rely on the same corporate donors. For
example, the extended infomercials--er, conventions--
conducted by the two parties last summer, fell outside
campaign spending law; as a result, no fewer than ten
corporations, including ADM, Lockheed Martin, Phillip
Morris, and Browning-Ferris, gave over $100,000 to
both conventions.
The result? There is no meaningful, high-level political
opposition to the corporate state agenda.
Free trade: NAFTA and GATT didn't just earn Bill
Clinton support from a grateful Wall Street. It also enabled
him to solicit funds from all sorts of global business
interests that suddenly had a new stake in U.S. domestic
policy. The U.S. is not only the world's biggest financial
market and most lucrative consumer market, but also
represents an attractive combination of somewhat (but not
overly) educated citizens, miserable working conditions, and
pliant government officials unthinkable in Europe or Japan.
Who wouldn't invest?
Welcome to the Third World: Nor are outsiders
investing in a country's democratic process a new thing.
Coverage of contributions from Djakarta or Beijing has
ignored the U.S. role as the master of foreign electoral
interference.
Every year, Congress appropriates and the White House
authorizes huge sums of money, overtly and covertly, to
influence or prevent elections in dozens of foreign
countries. Usually, it's in support of military-backed
and/or anti-democratic forces willing to suppress human
rights in favor of international business. Last year's
purchase of another term for Russia's Boris Yeltsin (an
American fave despite, or perhaps because of, his record of
economic collapse and genocide in Chechnya) is a
representative example, but almost any Third World country
(and more than a few in Europe) will do. What the U.S.
routinely invests to buy its version of democracy far
outstrips what Indonesians or other non-citizens gave to
Clinton (and Dole) last year.
Mind you, that's just government support--never mind
what U.S.-based private corporations will do to get
political control of favored fiefdoms.
Voter apathy: The 1996 election was the lowest voter
turnout in a Presidential year in generations, in a country
whose turnouts are already the lowest of any Western
democracy. Major reasons included the policy similarities
between candidates on substantive issues; the focus on
idiotic issues to define their differences; and the correct
public intuition that global business was running a race for
CEO, a race from which common citizens could not positively
benefit (let alone have any input into).
The answer is not to despair because of the hopelessness of
reform--it's to get more ambitious. The massive wealth
changing hands isn't being conjured from thin air; it's
coming from our pockets. We'll keep getting robbed,
regardless of the headlines, until there are literally
millions on the streets demanding we dismantle the system of
private funding for public policy decision-makers entirely.
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