The 2010 Supreme Court decision permitting unlimited campaign spending by corporations, Citizens United v. Federal Election Commission, is one of the most momentous rulings in U.S. legal history. It transforms the long but unspoken truth of American politics – corporate wealth buys legislative power -- into the law of the land.
The Court's judgment adds one more nail to the coffin of transparent governance based on popular democracy. The unlimited financing and unreported accountability of the media message complements generous campaign contributions, well-paid lobbyists and effective regulatory capture to further ensure that corporate wealth maintains political influence. The Court's decision is the icing on the cake to an era of unprecedented class polarization, with the rich seizing an ever greater share of the nation's wealth.
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