In 2011, investors including many of our managers are filing 83 different corporate political spending shareholder resolutions. The motivation for these resolutions comes directly from the landmark decision by the Supreme Court in Citizen’s United vs. Federal Election Commission case that permits corporations to spend freely to influence American elections.
By now, most people are familiar with the Story of Stuff Project directed by Annie Leonard and produced by Free Range Studios. This year, they’ve put together a great video focusing on Citizen’s United vs. FEC.
Watch the video which explains the issues in a fun, easy to digest way. At the same time they propose solutions such as a constitutional amendment to overturn the Supreme Court’s ruling and implement public financing of elections. (Thanks to Goodfunds Wealth Management).
Watch the video at Story of Stuff. And a great follow-up is Naomi Kline talking about Disaster Capitalism on the Rachel Maddow Show. See also, The Shock Doctrine: The Rise of Disaster Capitalism