Send a Tweet
Most Popular Choices
Share on Facebook 7 Share on Twitter Printer Friendly Page More Sharing
OpEdNews Op Eds    H3'ed 4/7/15

The Big Chill: How Big Money Is Buying Off Criticism of Big Money

By       (Page 1 of 2 pages)     (# of views)   1 comment
Author 47089
Follow Me on Twitter     Message Robert Reich
Become a Fan
  (128 fans)

Reprinted from Robert Reich Blog

Money In Politics -- Top Donors Invest in Politicians.
Money In Politics -- Top Donors Invest in Politicians.
(Image by YouTube)
  Details   DMCA
>

Not long ago I was asked to speak to a religious congregation about widening inequality. Shortly before I began, the head of the congregation asked that I not advocate raising taxes on the wealthy.

He said he didn't want to antagonize certain wealthy congregants on whose generosity the congregation depended.

I had a similar exchange last year with the president of a small college who had invited me to give a lecture that his board of trustees would be attending. "I'd appreciate it if you didn't criticize Wall Street," he said, explaining that several of the trustees were investment bankers.

It seems to be happening all over.

A non-profit group devoted to voting rights decides it won't launch a campaign against big money in politics for fear of alienating wealthy donors.

A Washington think-tank releases a study on inequality that fails to mention the role big corporations and Wall Street have played in weakening the nation's labor and antitrust laws, presumably because the think tank doesn't want to antagonize its corporate and Wall Street donors.

A major university shapes research and courses around economic topics of interest to its biggest donors, notably avoiding any mention of the increasing power of large corporations and Wall Street on the economy.

It's bad enough big money is buying off politicians. It's also buying off nonprofits that used to be sources of investigation, information, and social change, from criticizing big money.

Other sources of funding are drying up. Research grants are waning. Funds for social services of churches and community groups are growing scarce. Legislatures are cutting back university funding. Appropriations for public television, the arts, museums, and libraries are being slashed.

So what are non-profits to do?

"There's really no choice," a university dean told me. "We've got to go where the money is."

And more than at any time since the Gilded Age of the late nineteenth century, the money is now in the pockets of big corporations and the super wealthy.

So the presidents of universities, congregations, and think tanks, other nonprofits are now kissing wealthy posteriors as never before.

But that money often comes with strings.

When Comcast, for example, finances a nonprofit like the International Center for Law and Economics, the Center supports Comcast's proposed merger with Time Warner.

Next Page  1  |  2

 

Must Read 1  
Rate It | View Ratings

Robert Reich Social Media Pages: Facebook page url on login Profile not filled in       Twitter page url on login Profile not filled in       Linkedin page url on login Profile not filled in       Instagram page url on login Profile not filled in

Robert Reich, former U.S. Secretary of Labor and Professor of Public Policy at the University of California at Berkeley, has a new film, "Inequality for All," to be released September 27. He blogs at www.robertreich.org.

Go To Commenting
The views expressed herein are the sole responsibility of the author and do not necessarily reflect those of this website or its editors.
Writers Guidelines
Contact AuthorContact Author Contact EditorContact Editor Author PageView Authors' Articles
Support OpEdNews

OpEdNews depends upon can't survive without your help.

If you value this article and the work of OpEdNews, please either Donate or Purchase a premium membership.

STAY IN THE KNOW
If you've enjoyed this, sign up for our daily or weekly newsletter to get lots of great progressive content.
Daily Weekly     OpEdNews Newsletter
Name
Email
   (Opens new browser window)
 

Most Popular Articles by this Author:     (View All Most Popular Articles by this Author)

Trump Cornered

The Republican's Big Lies About Jobs (And Why Obama Must Repudiate Them)

Paul Ryan Still Doesn't Get It

What Mitt Romney Really Represents

What to Do About Disloyal Corporations

The Gas Wars