Friday, September 25, 2009

The Power of Big Money (videos)

"If you are concerned about public policy in general in this country, health care, the environment, whatever it may be, we have got to pay attention to the power of big money." --Senator Bernie Sanders, I-VT (emphasis added)

Here's what Senator Sanders has to say about the power of big money in Washington:

The answer is

Here's what Lawrence Lessig of has to say about the need to reform the system and wean our politicians from big money:

—Lawrence Lessig, Professor of Law, Stanford Law School, Palo Alto, CA

1 comment:

  1. Simply public money for campaigns is not a panacea. We already provide public money for campaigns. It could never be enough. We must also restore all the Progressive Era reforms undone in and since the Reagan administration. Restore real regulation of industry: stop appointing industry lobbyists to oversee regulatory agencies. Repeal the many legislative and judicial erosions of workers' rights since the Labor Act of 1935. Pass the Employee Free Choice Act. Enact progressive income tax on corporations: if each doubling of corporate profit meant a 1% increase in corporate tax rate, mergers and acquisitions would be less attractive. Combating the natural tendency of money and power to funnel into fewer and fewer hands is one of the most important functions of government. It must be advanced along a broad front. And, since what you measure affects what you do, stop focusing on "gross domestic product," which disproportionately accrues to the already-rich. Focus instead on per-capita income of the poorest 35% of the population. Evaluate policies based on their effect in advancing the well-being of the poorest 35% of the population. Unlike the rich, they spend their income--thus it benefits everyone.