Monday, January 25, 2010

Supreme Court Decision Gives Power Foreign Companies

This is just a side comment on the whole issue of the Supreme Court legalizing companies to spend any amount of money on advertising and media programming to advocate their own political positions. First...I agree with a friend of mine who recently stated that they don't believe that most people in the United States are even aware of this decision...much less the implications of it.

But one of the things that makes this decision even more crazy is that people need to realize that many companies have foreign arms or heads. For example...Sony USA now has the legal right to give as much money as they choose to advertise a specific political agenda...but Sony USA answers to their company's head in Japan. So, basically now their influence has very direct inroads to the U.S. political system.

Americans need to ask themselves not only if it is a good thing that a non-person corporation have such sweeping influence over politics and people, but if it is good that foreign companies with U.S. subsidiaries...like British Petroleum (BP) from the U.K., or Celestica from Canada, Infosys from India, Scitex from Israel, Honda from Japan, SAP from Germany.....or any number of foreign companies operating in the United States, should have the right to advertise their political position to the masses concerning who people choose to elect in a public election of the citizens of the United States of America.

Decision may mean more foreign cash
Josh Gerstein (2010, Jan 21). Politico.