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Showing posts from January, 2010

Money, Corporations, and Reality

While the Citizens United case has ignited righteous indignation on the political left, the Supreme Court ruling last week removing most caps on campaign advertising was not only the correct decision but represents a return to how our founders approached politics.

Every newspaper, magazine, and "news" outlet was exempted from corporate finance restrictions even before this ruling. Why? Because you cannot limit the free press. But why should that logic apply to businesses?

When our nation was founded the political parties, various organizations, the wealthy, and even many in the merchant class set about publishing "newspapers" that were little more than campaign ads. Printing was a huge business as a result. A single sheet newspaper could be prepared simply and distributed for a reasonable cost.

Newspapers were named the "Middletown Press Democrat" or the "Anyville Republican Gazette" for a reason. Media bias was a given. Even small towns had t…