A few right-wing pundits like George Will are livid over the prospect of curbing the power of billionaires to buy U.S. elections, but mostly the debate over a proposed constitutional amendment to allow regulation of money in politics is just being ignored, as Nat Parry 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.
For 70 years, a key element of American power has been the dollar’s standing as the world’s premier currency. But Washington’s repeated use of economic sanctions as a foreign policy weapon has encouraged China and other powers to consider financial alternatives, write Flynt and Hillary Mann Leverett.