Posted on Wednesday February 1, 02012
How Money Corrupts Congress and a Plan to Stop It from The Long Now Foundation on FORA.tv
"He said the type of corruption rampant in the US Congress is not the old type of bribery, where congressional representatives had safes in their offices to hold the cash they received for voting in certain directions. That is now illegal and eliminated. This new type of corruption is more subtle, indirect and harder to outlaw. Corporations legally donate money to the election campaigns of legislators, who in turn tend to vote in favor of the interests of those corporations. Non-profits like Maplight can graph the evidence that a representative voting in favor of a particular corporate-friendly law will receive 6 or 10 or 13 times the funding than someone who opposes the law. He cited studies that showed the ROI (return on investment) of lobbying to be 1,000%. It was one of the sanest expenses for a corporation. But the distortion is not just one sided. The issue that Congress spent the most time on in 2011 -- a year when US was waging two wars, dealing with a near economic depression, and revamping health care -- was the bank swipe fee. Who should pay the credit card use fee -- the banks or the stores? There were corporations on both sides of this minor argument, but each side was promising campaign funds, so this was the issue that got all the attention of the officials. But the real money to be made in Congress is the relative fortune to be made as a lobbyist after leaving office. The differential in wages between a staff member and a lobbyist has escalated a hundred fold in the past 40 years. Now 43% of staff go on to become lobbyists. The promise of a well-paying job working for corporate interests later is enough to warp voting now.
None of this is illegal, but Lessig argues that we have a constitutional argument for eliminating it. The Constitution talks about the republic being "dependent on the people alone." But now it is dependent on corporate funders, and more and more JUST on corporate funders. His solution is to return the republic to being dependent on the people alone. His solution is an innovative kind of campaign finance reform. Give every voter a $50 campaign voucher. The $50 comes from the tax pool. It can be given to any candidate who accepts only money from the vouchers (and maybe a limit of an optional voluntary $100 per single voter). Thus all campaign money would come in very small amounts from The People. Lessig calculates that the total amount of money raised this public way would be 3 times the amount raised by private means in the last election cycles, and therefore more than adequate. But it would break the grip of corporate influence over what is voted up. The result would not be harmonious utopia, but the usual give-and-take compromises of politics -- which the US has not seen in decades. The issues that people cared about would return to the agenda."
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