Reform on the Cheap

WSJ.com – In New Law’s Wake, Companies Slash Their Political Donations
This was a really nice surprise. I’ve been a long time supporter of campaign finance reform because I felt special interest money held too much sway in the process. It seems that the unintended effect, is the democratization of the money. Since corporations are forced to solicit employees to support their political ends, regular people are getting more involved in supporting candidates.
One possible effect is that corporate and employee interests can be more aligned, explicitly in the political process. Cause and effect are more tightly coupled. I think this is a good thing for Americans in general.
Another is that it returns a good portion of power in our democracy back where it belongs: with the people. Of course, this power is being exercised by the filter of corporate PACs, but what can you do? We live in a liberal-capitalist nation. Corporations exert tremendous power by virtue of their economic strength in our society, but now that is shared between management and employee. That is as democratic as we can get with out social and political revolution. Libertarians and anarchists take note. You must destroy people’s source of paychecks to enact your visions (pipe dreams? just kidding). What about the other PACs? Some consolidation is bound to occur. After all, once I donate to MoveOnPAC or some other general PAC, which else do I support? Just like charities, there will be “donation fatigue” and this limits their number.
These results are far from perfect, but change is a welcome.