June 22, 2010 7:06 AM Subscribe
There are several conventional explanations for why so much corporate money has flooded into Washington over the last three or four decades. Large corporations have much more market power, which translates into more political power. Politicians have become more corrupt or rapacious. The Republican Party has been ever more effective at raising money. The increasing size and scope of the federal government have required that corporations spend more in order to protect themselves. Corporations have greater need to confront the countervailing power of unions.
All of these explanations are wrong.
by Robert Reich
posted by wittgenstein (25 comments total)
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