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So who’s the real winner of Thursday’s ruling that allows corporations to buy all the political advertising their checkbooks allow? Big banks? The Republican Party? The pharmaceutical industry? Maybe. But Jim Innocenzi, a GOP strategist in Alexandria, thinks it will be a windfall for media corporations:

“There is only so much advertising space available the last 30 to 60 days [before an election] anyway, so all the ruling does is jack up the cost of 30-second commercials at the end of the campaign,” he said.

Elsewhere, Mark Kleiman nominates another unforeseen beneficiary:

One aspect of the ruling that hasn’t gathered much attention: as far as I can tell, the analysis doesn’t distinguish between domestic and foreign corporations….So the ruling allows Hugo Chavez to spend as much money as he wants to helping and harming American politicians. If the Russian, Saudi, and Chinese governments don’t currently have appropriate vehicles for doing so, you can count on it: they soon will.

….The United States has a $13 trillion GDP, and total annual campaign spending is on the order of $2 billion. Buying influence on the American government has to be the highest-leverage activity ever invented, and Justice Kennedy and his four accomplices just invited every oligarch and tyrant in the world to play. This is not just a threat to democracy; it’s a threat to sovereignty.

It’s been quite a week, hasn’t it?

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Fact:

In-depth journalism that investigates the powerful takes real money and is so damn important right now.But it doesn’t take a Mother Jones investigation to know that billionaires and corporations will never fund the type of reporting (like they do politicians) we do that exists to help bring about change. Instead, our mission-driven journalism is made possible by people power, and has been for 46 years now since our founding as a non-profit.

In “TITLE TK” Monica Bauerlein writes about the perilous moment we’re in, and why it’s so important that we raise $325,000 by the time November’s midterms are decided so we can be ready to throw everything we have at the big issues facing the nation no matter what happens. Please help MoJo’s people-powered journalism with a donation today.

$400,000 to go!

payment methods

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