Sunday, June 24, 2012

T. Frank on Money politics

Everytime you think it can't get worse... it does.From Harper's:

"We have been heading in this direction for a while, thanks to trends in campaign finance that brought us bundlers and PACs and 527s. Citizens United upped the ante by effectively inviting corporations and unions to spend as much as they liked on “electioneering communications.” What really changed, however, was neither the abolition of spending limits nor even the touching solicitude paid to corporations by equating their speech with that of human beings. No, Citizens United (and the related SpeechNow case) altered the political landscape most profoundly by ushering in the Super PAC."

Oh the places you go when the money and the power is on the line.
Of course, Dr. Frank hits the appropriate historical analogies.

"Political advertising, in other words, might correctly be understood as a modern-day form of largesse. When presidential candidates run TV commercials assailing one another, they are playing the role of aristocrats in some medieval ceremony, throwing handfuls of coins to the toiling masses. And beside these gilded personages stand the commentariat, marveling in song and rhyme at what a fine democratic tableau it all is.
Alternatively, we might see TV commercials as one of the few stimulus programs Republicans fully endorse. They are also just about the only form of redistribution from the billionaire class that the rest of us will ever see."

While it is still about the money, boodles of it, the king-making game played by billionaires is also a way of forcing us to love them and insulate them from criticism. Buying fawning affection from talking heads and popularity contests.

"The rise of the Super PACs, and the sheer volume of cash they enabled candidates to devote to mudslinging without ever dirtying their hands, was something new. Just as new, and equally alarming, was the public’s cognitive capitulation to the process. Over the course of the past few decades, the power of concentrated money has subverted the professions, destroyed small investors, wrecked the regulatory state, corrupted legislators en masse, and repeatedly put the economy through the wringer. Now it has come for our democracy itself."

The best point:

"Many efforts to grapple with the Super PAC phenomenon bog down in the slough of advertising criticism, which offers not one but two misleading schools of thought. One holds that advertising is diabolically powerful, capable of transmitting into the minds of the millions whatever views the man with the camera chooses. The other insists that advertising is not effective in the least, that consumers are wily and evasive, always charting their own course."

We cannot even approach the solutions when the prevailing winds all blow in the wrong directions. Like Orwell's "Newspeak" when the words to describe dissent die, the ideas behind them are forgotten.

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