SCOTUS: Foreign Corporations Have Rights, Too!

Let our journalists help you make sense of the noise: Subscribe to the Mother Jones Daily newsletter and get a recap of news that matters.


Politico‘s Josh Gerstein has a great story today pointing out that, in the wake of yesterday’s Supreme Court decision allowing corporations to spend unlimited amounts of money on elections, there’s really nothing to stop foreign companies from supporting or opposing US candidates. It would be as easy as setting up a US subsidiary and having the subsidiary spend the money. Some of Gerstein’s sources argue that foreign corporations would be reluctant to interfere in US politics because it could bring bad press. But that doesn’t seem like much of a deterrent to the worst corporations. Do foreign corporations like Gazprom that are largely state-owned really care what the US press writes about them? Law professor Mark Kleiman has more

One aspect of the ruling that hasn’t gathered much attention: as far as I can tell, the analysis doesn’t distinguish between domestic and foreign corporations.  Not that it would matter much, since a foreign corporation can always establish a domestic subsidiary, or buy an American company:   Cities Service, for example, is a unit of PDVSA, the Venezuelan state oil company.  So the ruling allows Hugo Chavez to spend as much money as he wants to helping and harming American politicians.   If the Russian, Saudi, and Chinese governments don’t currently have appropriate vehicles for doing so, you can count on it:  they soon will.

Nor is this a problem that can be handled by “disclosure.”  The ad on TV praising the opponent of the congressman who did something to annoy Hugo Chavez won’t say “Paid for by Hugo Chavez.”  It will say “Paid for by Citizens for Truth, Justice, and the American Way,” which in turn will have gotten a contribution from “Americans for Niceness,” which in turn will have gotten a contribution from a lobbyist for a subsidiary of Cities Service that no one has ever heard of.

This week just keeps getting better.

SIX TRUTHS

Reclaiming power from those who abuse it often starts with telling the truth. And in "This Is How Authoritarians Get Defeated," MoJo's Monika Bauerlein unpacks six truths to remember during the homestretch of an election where democracy, truth, and decency are on the line.

Truth #1: The chaos is the point.

Truth #2: Team Reality is bigger than it seems.

Truth #3: Facebook owns this.

Truth #4: When we go to work, we're in the fight.

Truth #5: It's about minority rule.

Truth #6: The only thing that can save us is…us.

Please take a moment to see how all these truths add up, because what happens in the weeks and months ahead will reverberate for at least a generation and we better be prepared.

And if you think journalism like Mother Jones'—that calls it like it is, that will never acquiesce to power, that looks where others don't—can help guide us through this historic, high-stakes moment, and you're able to right now, please help us reach our $350,000 goal by October 31 with a donation today. It's all hands on deck for democracy.

payment methods

SIX TRUTHS

Reclaiming power from those who abuse it often starts with telling the truth. And in "This Is How Authoritarians Get Defeated," MoJo's Monika Bauerlein unpacks six truths to remember during the homestretch of an election where democracy, truth, and decency are on the line.

Truth #1: The chaos is the point.

Truth #2: Team Reality is bigger than it seems.

Truth #3: Facebook owns this.

Truth #4: When we go to work, we're in the fight.

Truth #5: It's about minority rule.

Truth #6: The only thing that can save us is…us.

Please take a moment to see how all these truths add up, because what happens in the weeks and months ahead will reverberate for at least a generation and we better be prepared.

And if you think journalism like Mother Jones'—that calls it like it is, that will never acquiesce to power, that looks where others don't—can help guide us through this historic, high-stakes moment, and you're able to right now, please help us reach our $350,000 goal by October 31 with a donation today. It's all hands on deck for democracy.

payment methods

We Recommend

Latest

Sign up for our free newsletter

Subscribe to the Mother Jones Daily to have our top stories delivered directly to your inbox.

Get our award-winning magazine

Save big on a full year of investigations, ideas, and insights.

Subscribe

Support our journalism

Help Mother Jones' reporters dig deep with a tax-deductible donation.

Donate