Dollarocracy: What Last Week’s Election Was Really About

(10 am. – promoted by ek hornbeck)

Cross posted from The Stars Hollow Gazette

In the wake of last week’s off-off year elections, Bill Moyers sat down with Washington correspondent for The Nation, John Nichols, and professor of communications at the University of Illinois, Robert McChesney, to discuss how big money and big media conglomerates are raking in a fortune, influencing elections and undermining democracy

This past Tuesday, special interests pumped big money into promoting or tearing down candidates and ballot initiatives in elections across the country. It was a reprise on a small scale of the $7 billion we saw going into presidential, congressional and judicial races in 2012. To sway the vote, wealthy individuals and corporations bought campaign ads, boosting revenues at a handful of media conglomerates who have a near-monopoly on the airwaves. [..]

“Democracy means rule of the people: one person, one vote,” McChesney says. “Dollarocracy means the rule of the dollars: one dollar, one vote. Those with lots of dollars have lots of power. Those with no dollars have no power.” Nichols tells Moyers: “Dollarocracy has the ability to animate dead ideas. You can take an idea that’s a bad idea, buried by the voters. Dollarocracy can dig it up and that zombie idea will walk among us.”

An Election About GOP Extremism, Unions, Wages and Dollarocracy

by John Nichols, The Nation

Two states will elect governors Tuesday and one of those governors could emerge as a 2016 presidential contender. The nation’s largest city will elect a mayor, as will hundreds of other communities. A minimum-wage hike is on the ballot. So is marijuana legalization. So is the labeling of genetically-modified foods. And Seattle might elect a city council member who promises to open the fight for a $15-an-hour minimum wage.

Forget the silly dodge that says local and state elections don’t tell us anything. They provide measures of how national developments – like the federal government shutdown – are playing politically. They give us a sense of whether the “war on women” is widening the gender gap. They tell us what issues are in play and the extent to which the political debate is evolving.