How Money in Politics Hurts Us
Despite the narrative that Americans across the aisle can't agree on anything, there are actually a lot of policies we all support. The only reason those things don't get done: because Big Business is swaying our politicians against them.
The amount of money in American politics, especially from large donors and Big Business, has exploded over the past decade. This is a huge problem, because the more money that's on the table, the more time our leaders spend chasing it – biasing them towards elite interests and away from ours. As Benjamin Page writes, "hours spent grubbing for money from rich donors changes candidates' priorities and sense of the people's needs. They hear over and over about high taxes on the wealthy, and 'wasteful' spending on social programs. Special tax breaks for corporations and hedge fund managers start to sound reasonable." When big money runs our politics, big interests run our society.
What this looks like in action
Here are some of the critical policies that Americans from all sides of the aisle agree we need today... and how much Big Business has spent campaigning against them.
How many Americans support it:
How much Big Business spends fighting it:
Fair prescription
drug pricing
84% of Americans (with strong majorities on both sides) support drug price regulation
Reining in
Big Business
Both Democrats and Republicans (91% total) say it is important we regulate financial services
Transitioning to
clean energy
3-in-4 Americans believe the government
should invest more in clean energy production.
Stronger data privacy laws
3-in-4 Americans support stricter data privacy laws, reflecting "strong bipartisan support"
Stricter
gun control
Majorities of both Democrats and Republicans
support background checks and carry limits.
True universal
healthcare
A strong majority of Democrats and plurality of Republicans support single-payer healthcare
Industry totals sourced from OpenSecrets profiles. Lobbying numbers reflect the past 20 years, and contributions 30 years.
We the People vs. Big Business
There is one driving reason that our business elites oppose the policies above: it will cut into their profits. Big Health wouldn't be able to price gouge on prescriptions or premiums. Wall Street wouldn't be able to recklessly gamble away our money to their advantage. Big Tech wouldn't be able to exploit our data for profit. Big Oil wouldn't get as much money for fossil fuel production. Corporations are very motivated to continue fighting the policies we need and all agree on, and will continue to do so unless we rein in their influence (read more).