Wednesday, August 04, 2010
Self-regulation
News that Goldman Sachs will not spend heavily in the upcoming elections was greeted with relief. However, even though a corporation is self-regulating in the matter of political advertising, there is always a chance that a time will come when it is not. It is a matter of the business interests of the company. I'm strongly in favor of Free Speech for corporations, but I'm also in favor or transparency in the matter of campaign donations. The Supreme Court has opened the microphone for business to speak out, but it left the matter of transparency untouched. It is up to Congress to regulate that, and Congress has been unable to act with Republicans in opposition. One wonders what it will take for reason to return to politicians.
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