Democracy is a system of government in which the citizens exercise power directly or elect representatives from among themselves to form a governing body, such as a parliament. Democracy is sometimes referred to as "rule of the majority".
Of the 100 largest economies in the world, 51 are corporations while only 49 are countries.
Most Americans assume that U.S. foreign policy is determined by democratically elected leaders who define and protect the common good of the citizens and the nation they represent. Increasingly, this conventional wisdom falls short of explaining the real climate in Washington. Well organized private-interest groups are capitalizing on Americans' ignorance of world politics to advance their own agendas.
Though it's a bedrock American principle that citizens can steer their own government by electing new officials, Glennon suggests that in practice, much of our government no longer works that way. In a new book, "National Security and Double Government," he catalogs the ways that the defense and national security apparatus is effectively self-governing, with virtually no accountability, transparency, or checks and balances of any kind. He uses the term "double government": There's the one we elect, and then there's the one behind it, steering huge swaths of policy almost unchecked. Elected officials end up serving as mere cover for the real decisions made by the bureaucracy.
In America, winning the Presidency has proven to be a question of how much money you're willing to spend. The trend constantly shows that, he who spends the most money on elections usually wins. A new law in 2010 allowed SuperPACs, through which people can indirectly (often secretly) donate unlimited amounts of money to a candidate.
Corporations are people my friend. ... everything corporations own ultimately goes to people.
The levels of ideological diversity among directors and executives within the typical firm, and the naturally conflicting opinions about which policies are best for the country and/or their firm, may make it difficult for management to near a consensus. In giving generously to members of both parties, and by virtue of their reliance on voluntary contributions from a firm's managers and investors, corporate PACs have largely avoided these coordination problems.
Many of the same Fortune 500 companies donated to both Obama and Romney in the 2012 elections. What does that tell you?