If the financial crisis has taught us anything it’s that money and greed are two powerful forces that can blind us to the path’s we’re on as a society. Government’s role here is to help apply the brakes to the invisible hand of the market, to temper it with a smattering of moral framework, with the goal of protecting and supporting those that pure capitalism would ignore (and crush). This framework grows directly from our popular electorate, which acts as an objective force in the whole government gig, making sure that no one person/citizen becomes to powerful via excessive influence or wealth – the goal being that the common man can always run for office, should he want to effect change in his country.
Sweeping aside a century-old understanding and overruling two important precedents, a bitterly divided Supreme Court on Thursday ruled that the government may not ban political spending by corporations in candidate elections. The ruling was a vindication, the majority said, of the First Amendment’s most basic free speech principle — that the government has no business regulating political speech. The dissenters said allowing corporate money to flood the political marketplace will corrupt democracy. The 5-to-4 decision represented a sharp doctrinal shift, and it will have major political and practical consequences. Specialists in campaign finance law said they expected the decision, which also applies to labor unions and other organizations, to reshape the way elections are conducted.