The Washington Post’s Dan Eggen reports this morning on the results of a WaPo/ABC News poll which shows Americans to be “overwhelmingly” opposed to the recent SCOTUS decision to allow corporations to spend unlimited amounts of cash in election campaigns.
“Eight in 10 poll respondents say they oppose the high court’s Jan. 21 decision to allow unfettered corporate political spending, with 65 percent “strongly” opposed. Nearly as many backed congressional action to curb the ruling, with 72 percent in favor of reinstating limits. The poll reveals relatively little difference of opinion on the issue among Democrats (85 percent opposed to the ruling), Republicans (76 percent) and independents (81 percent).”
Americans have always been distrustful of corporations and their ability to exercise power and control over public affairs.
Ever since Elizabeth I created the East India Company in 1600, corporations have been a pain in the public neck. Her royal act to protect the monetary interests of wealthy members of her court, parliament and herself created a company that would, over the course of two centuries, grow in power to rival many of the worlds nation states.
A legal fiction, corporations exist solely to protect the oligarchy from the results of their risky behavior in the search for ever greater profit. Incorporate and pass the risk on to someone else, creditors, taxpayers, anyone but those involved in the scheme itself.
Businessmen of the time, as today, were and are, infinitely more comfortable operating in an environment devoid of risk to their profits, unless of course they are operating on someone else’s money, (taxpayers) in which case nearly any risk can be accepted; “it’s public money, double down and toss the dice boys.”