Does money make any difference?
Naomi Klein also wrote about Clinton and corporate bribes, in the Nation the other day. I don’t read Naomi Klein much, because I think she tends to be simplistic, but she said some good things there.
Paul Krugman went so far as to issue “guidelines for good and bad behavior” for the Sanders camp. The first guideline? Cut out the “innuendo suggesting, without evidence, that Clinton is corrupt.”
The very suggestion that taking this money could impact Clinton’s actions is “baseless and should stop,” according to California Senator Barbara Boxer. It’s “flat-out false,” “inappropriate,” and doesn’t “hold water,” declared New York Mayor Bill de Blasio. New York Times columnist
That’s one of the many harmful side-effects of the way US politics is flat-out based on bribery, dishonestly called “campaign financing” – it motivates people who should know better to bullshit in that way. Why otherwise would Paul Krugman pretend that bribes can’t possibly influence the recipients?
seemed to conclude, despite the many scientific warnings? There is no proof—no “smoking gun,” as Clinton defenders like to say. Just as there is no proof that the money her campaign took from gas lobbyists and fracking financiers has shaped Clinton’s current (and dangerous) view that fracking can be made safe.
Did the donations to the Clinton Foundation have anything to do with the State Department’s pipeline decision? Did they make Hillary Clinton more disposed to seeing tar-sands pipelines as environmentally benign, as early State Department reviews of Keystone XLIt’s important to recognize that Clinton’s campaign platform includes some very good climate policies that surely do not please these donors—which is why the fossil-fuel sector gives so much more to climate change–denying Republicans.
Still, the whole funding mess stinks, and it seems to get worse by the day. So it’s very good that the Sanders camp isn’t abiding by Krugman’s “guidelines for good behavior” and shutting up about the money in a year when climate change has contributed to the hottest temperatures since records began.
It’s just not reasonable to tell anyone to shut up about the money.
While Clinton is great at warring with Republicans, taking on powerful corporations goes against her entire worldview, against everything she’s built, and everything she stands for. The real issue, in other words, isn’t Clinton’s corporate cash, it’s her deeply pro-corporate ideology: one that makes taking money from lobbyists and accepting exorbitant speech fees from banks seem so natural that the candidate is openly struggling to see why any of this has blown up at all.
That I think nails it on the head – although of course it’s also possible that she’s not genuinely struggling at all but knows perfectly well why it’s blown up, and is just dissembling, because she has to, because she’s already accepted the money.
To understand this worldview, one need look no further than the foundation at which Hillary Clinton works and which bears her family name. The mission of the Clinton Foundation can be distilled as follows: There is so much private wealth sloshing around our planet (thanks in very large part to the deregulation and privatization frenzy that Bill Clinton unleashed on the world while president), that every single problem on earth, no matter how large, can be solved by convincing the ultra-rich to do the right things with their loose change. Naturally, the people to convince them to do these fine things are the Clintons, the ultimate relationship brokers and dealmakers, with the help of an entourage of A-list celebrities.
Sadly I think that’s about right too.
So let’s forget the smoking guns for the moment. The problem with Clinton World is structural. It’s the way in which these profoundly enmeshed relationships—lubricated by the exchange of money, favors, status, and media attention—shape what gets proposed as policy in the first place.
For instance, under the Clintons’ guidance, drug companies work with the foundation to knock down their prices in Africa (conveniently avoiding the real solution: changing the system of patenting that allows them to charge such grotesque prices to the poor in the first place). The Dow Chemical Company finances water projects in India (just don’t mention their connection to the ongoing human health disaster in Bhopal, for which the company still refuses to take responsibility). And it was at the Clinton Global Initiative that airline mogul Richard Branson made his flashy pledge to spend billions solving climate change (almost a decade later, we’re still waiting, while Virgin Airlines keeps expanding).
In Clinton World it’s always win-win-win: The governments look effective, the corporations look righteous, and the celebrities look serious. Oh, and another win too: The Clintons grow ever more powerful.
And richer. $153 million.
Here is Politifact’s statement on the matter: Our ruling
Clinton said, “There’s not a single, solitary example that” signing the bill to end Glass-Steagall “had anything to do with the financial crash.”
By focusing on the bill that officially repealed Glass-Steagall, Clinton’s statement ignores the fact that the demise of Glass-Steagall took place over decades, amid a deregulatory push in which the Clinton administration played a role. By the time the law to repeal hit his desk, Glass-Steagall had been whittled down so much that it wasn’t very meaningful. It’s a matter of debate how much of a role the overall demise of Glass-Steagall had in causing the financial crisis, but we couldn’t find any economists who argue that the regulation was the sole linchpin keeping the financial system stable until its official repeal in 1999. Overall, we rate Clinton’s claim Mostly True.”
One of the things my family and friends talked about over the years, mostly during the Reagan years, was that the regulatory agencies were allowing the breaking of the laws. If we knew it was illegal surely the regulators did. They just didn’t care.