The US Presidential race is throwing up some interesting stories this time, and after my stories on allegations of election rigging in Russia, the news that after recent Supreme Court decisions that overturned campaign financing restrictions, the US election is now apparently open to a select bunch of money-men to manipulate is possibly no great surprise.
Take Sheldon Adelson, a casino billionaire ($25bn est), and a man who has decided that the fight against "the continuation of the socialist-style economy" (a view incidentally, that he apparently shares with Newt Gingrich), is worth $110m of his money to back Mitt Romney.
Apparently these donations make him by far and away Mr Romney's biggest backer (over 90% of his campaign funds), but apparently the idea of this one man financing of the election of the next possible President of the USA is not considered an issue in the land of the free capitalist .... but then as he is fighting the idea that "the redistribution of wealth is the path to more socialism, and to more of the government controlling people's lives", maybe its considered OK?
But from this side of the pond it looks a strange kind of one man one vote democracy ... with the billionaire being that one man.
Take Sheldon Adelson, a casino billionaire ($25bn est), and a man who has decided that the fight against "the continuation of the socialist-style economy" (a view incidentally, that he apparently shares with Newt Gingrich), is worth $110m of his money to back Mitt Romney.
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| Sheldon Adelson - Kingmaker? |
Apparently these donations make him by far and away Mr Romney's biggest backer (over 90% of his campaign funds), but apparently the idea of this one man financing of the election of the next possible President of the USA is not considered an issue in the land of the free capitalist .... but then as he is fighting the idea that "the redistribution of wealth is the path to more socialism, and to more of the government controlling people's lives", maybe its considered OK?
But from this side of the pond it looks a strange kind of one man one vote democracy ... with the billionaire being that one man.
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