Billionaires, such as the oilmen Koch Brothers, have exploited the bulldozing of campaign-finance laws to press their special interests but publicly traded corporations have been more hesitant, with the notable exception of Chevron, as Michael Winship notes.
Money remains the nourishing milk of politics and both parties are lining up to get their fill by hobnobbing with the plutocrats who have the most to share. Whether the Koch Brothers or Vernon Jordan, the process of political corruption shows no sign of ending, Bill Moyers and Michael Winship lament.
Four decades ago, Richard Nixon resigned, making him the first U.S. president in history to quit the office, the result of two years of a spreading scandal known as Watergate. But many Watergate reforms aimed at limiting the power of money over politics were short-lived, as Michael Winship observes.
The City of London is the UK’s Wall Street, not only in the sense that both are financial centers but they also serve as an intersection for money and politics, especially with the Conservative Party putting access to prominent politicians up for sale to the highest bidder, as Michael Winship recounts.