America's Oligarch Problem
How the Super-Rich Threaten US Democracy
The sky's the limit when it comes to the United States' campaign finance system. Increasingly, the country's richest sector is gaining influence and control over America's politicals. The development threatens the country's once proud democracy.
The two candidates currently attracting the most attention in the American presidential primaries seem to be polar opposites. First, there's self-declared socialist Bernie Sanders, who can pack entire arenas with as many as 20,000 supporters. And then there's a man who claims to possess $10 billion, Donald Trump, who is leading in the broad field of Republicans. The two do, however, have one thing in common: They reject the US campaign finance system. One out of conviction; the other because he has the resources to finance his own campaign.
One, Bernie Sanders, takes pride in stating that he doesn't want rich people's money. Some 400,000 largely middle class Americans have contributed to his campaign so far, donating $31.20 on average. The other, Donald Trump, proudly announced recently that he had rejected a $5 million donation from a hedge fund manager. And that he is prepared to pump $1 billion of his own wealth into the campaign. One of Trump's most popular arguments so far is that his rival Jeb Bush has managed to raise over $150 million. "Jeb Bush is a puppet to his don