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Golden Rule

Author: Thomas Ferguson
Publisher: University of Chicago Press
ISBN: 022616201X
Size: 45.44 MB
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"To discover who rules, follow the gold." This is the argument of Golden Rule, a provocative, pungent history of modern American politics. Although the role big money plays in defining political outcomes has long been obvious to ordinary Americans, most pundits and scholars have virtually dismissed this assumption. Even in light of skyrocketing campaign costs, the belief that major financial interests primarily determine who parties nominate and where they stand on the issues—that, in effect, Democrats and Republicans are merely the left and right wings of the "Property Party"—has been ignored by most political scientists. Offering evidence ranging from the nineteenth century to the 1994 mid-term elections, Golden Rule shows that voters are "right on the money." Thomas Ferguson breaks completely with traditional voter centered accounts of party politics. In its place he outlines an "investment approach," in which powerful investors, not unorganized voters, dominate campaigns and elections. Because businesses "invest" in political parties and their candidates, changes in industrial structures—between large firms and sectors—can alter the agenda of party politics and the shape of public policy. Golden Rule presents revised versions of widely read essays in which Ferguson advanced and tested his theory, including his seminal study of the role played by capital intensive multinationals and international financiers in the New Deal. The chapter "Studies in Money Driven Politics" brings this aspect of American politics into better focus, along with other studies of Federal Reserve policy making and campaign finance in the 1936 election. Ferguson analyzes how a changing world economy and other social developments broke up the New Deal system in our own time, through careful studies of the 1988 and 1992 elections. The essay on 1992 contains an extended analysis of the emergence of the Clinton coalition and Ross Perot's dramatic independent insurgency. A postscript on the 1994 elections demonstrates the controlling impact of money on several key campaigns. This controversial work by a theorist of money and politics in the U.S. relates to issues in campaign finance reform, PACs, policymaking, public financing, and how today's elections work.

Right Turn

Author: Thomas Ferguson
Publisher: Macmillan
ISBN: 9780809001705
Size: 20.42 MB
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The Hidden Election

Author: Thomas Ferguson
Publisher: Pantheon
ISBN:
Size: 18.61 MB
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Eight essays analyze the political and economic underpinnings of the 1980 presidential election and focus on relations between the power centers in American society and political events

Money And Free Speech

Author: Melvin I. Urofsky
Publisher:
ISBN:
Size: 33.37 MB
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Money greases the wheels of American politics from the local level to the White House. In the 2004 presidential campaign, President George W. Bush alone raised nearly $400 million in private and public funds—nearly twenty times the combined total raised by John Kennedy and Richard Nixon in 1960—to defeat challenger John F. Kerry, further fueling anxiety over the power of money to dictate political results. Melvin Urofsky, one of our nation's most respected legal historians, takes a fresh look at efforts to rein in campaign spending and counter efforts in the courts to preserve the status quo. He offers a thoughtful and balanced overview of campaign finance reform and the legal responses to it, from the Progressive era through the Supreme Court's landmark ruling in McConnell v. FEC (2003) and its impact on the 2004 election. Urofsky focuses especially on the 1971 Federal Election Campaign Act and 2002 McCain-Feingold or Bipartisan Campaign Reform Act (BCRA), and on challenges to both in the Supreme Court. In Buckley v. Valeo (1976), the Court upheld contribution limits but struck down expenditure caps on First Amendment grounds. In McConnell it upheld the key provisions of McCain-Feingold. In both cases, however, opponents argued that congressional control of campaign financing was an unconstitutional infringement of the free speech rights of campaign contributors. Urofsky deftly steers the reader through this contentious and complex history, revealing how both Congress and the courts have navigated uneasily between the Scylla of potential corruption and the Charybdis of suppressing political speech. Ironically, despite the Court's decision upholding McCain-Feingold, the 2004 presidential election was the most expensive in history—because, as Urofsky notes, money is the mother's milk of politics and both candidates and donors will always find ways to keep it flowing. His book provides an excellent and succinct guide to the controversies and historical debates emerging from that fact.

Why Parties

Author: John H. Aldrich
Publisher: University of Chicago Press
ISBN: 0226012751
Size: 20.31 MB
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Since its first appearance fifteen years ago, Why Parties? has become essential reading for anyone wishing to understand the nature of American political parties. In the interim, the party system has undergone some radical changes. In this landmark book, now rewritten for the new millennium, John H. Aldrich goes beyond the clamor of arguments over whether American political parties are in resurgence or decline and undertakes a wholesale reexamination of the foundations of the American party system. Surveying critical episodes in the development of American political parties—from their formation in the 1790s to the Civil War—Aldrich shows how they serve to combat three fundamental problems of democracy: how to regulate the number of people seeking public office, how to mobilize voters, and how to achieve and maintain the majorities needed to accomplish goals once in office. Aldrich brings this innovative account up to the present by looking at the profound changes in the character of political parties since World War II, especially in light of ongoing contemporary transformations, including the rise of the Republican Party in the South, and what those changes accomplish, such as the Obama Health Care plan. Finally, Why Parties? A Second Look offers a fuller consideration of party systems in general, especially the two-party system in the United States, and explains why this system is necessary for effective democracy.

Political Parties And Democracy

Author: T. Inoguchi
Publisher: Springer
ISBN: 1137277203
Size: 12.24 MB
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Well-reputed political scientists residing and teaching in ten countries, five in Asia and five in Europe, comparatively examine the place of political parties in democracy, and provide an empirically rigorous, up-to-date, comprehensive synthesis of the organization of political parties and their links with citizens in a democracy.

The Business Of America Is Lobbying

Author: Lee Drutman
Publisher: Oxford University Press
ISBN: 0190215534
Size: 57.13 MB
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Corporate lobbyists are everywhere in Washington. Of the 100 organizations that spend the most on lobbying, 95 represent business. The largest companies now have upwards of 100 lobbyists representing them. How did American businesses become so invested in politics? And what does all their money buy? Drawing on extensive data and original interviews with corporate lobbyists, The Business of America is Lobbying provides a fascinating and detailed picture of what corporations do in Washington, why they do it, and why it matters. Prior to the 1970s, very few corporations had Washington offices. But a wave of new government regulations and declining economic conditions mobilized business leaders. Companies developed new political capacities, and managers soon began to see public policy as an opportunity, not just a threat. Ever since, corporate lobbying has become increasingly more pervasive, more proactive, and more particularistic. Lee Drutman argues that lobbyists drove this development, helping managers to see why politics mattered, and how proactive and aggressive engagement could help companies' bottom lines. All this lobbying doesn't guarantee influence. Politics is a messy and unpredictable bazaar, and it is more competitive than ever. But the growth of lobbying has driven several important changes that make business more powerful. The status quo is harder to dislodge; policy is more complex; and, as Congress increasingly becomes a farm league for K Street, more and more of Washington's policy expertise now resides in the private sector. These and other changes increasingly raise the costs of effective lobbying to a level only businesses can typically afford. Lively and engaging, rigorous and nuanced, The Business of America is Lobbying will change how we think about lobbying-and how we might reform it.

Who Will Tell The People

Author: William Greider
Publisher: Simon and Schuster
ISBN: 143912874X
Size: 74.72 MB
Format: PDF, ePub
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Who Will Tell the People is a passionate, eye-opening challenge to American democracy. Here is a tough-minded exploration of why we're in trouble, starting with the basic issues of who gets heard, who gets ignored, and why. Greider shows us the realities of power in Washington today, uncovering the hidden relationships that link politicians with corporations and the rich, and that subvert the needs of ordinary citizens. How do we put meaning back into public life? Greider shares the stories of some citizens who have managed to crack Washington's "Grand Bazaar" of influence peddling as he reveals the structures designed to thwart them. Without naiveté or cynicism, Greider shows us how the system can still be made to work for the people, and delineates the lines of battle in the struggle to save democracy. By showing us the reality of how the political decisions that shape our lives are made, William Greider explains how we can begin to take control once more.

Monetary Economies Of Production

Author: Louis-Philippe Rochon
Publisher: Edward Elgar Publishing
ISBN: 1781003955
Size: 68.41 MB
Format: PDF
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With its central focus on money and its link with the production sphere, this book explores how best to adapt the fundamental ideas of the circulationist perspective to achieve a better understanding of the financialisation of the productive apparatus

Anti Intellectualism In American Life

Author: Richard Hofstadter
Publisher: Vintage
ISBN: 0307809676
Size: 13.99 MB
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Winner of the 1964 Pulitzer Prize in Non-Fiction. In this award-winning classic work of consensus history, Richard Hofstadter, author of The Age of Reform, examines the role of social movements in the perception of intellect in American life. "As Mr. Hofstadter unfolds the fascinating story, it is no crude battle of eggheads and fatheads. It is a rich, complex, shifting picture of the life of the mind in a society dominated by the ideal of practical success." --Robert Peel in the Christian Science Monitor