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corporacracy .....Some sectors of the economy, Big Oil, the Pharmaceutical Industry, Banking and Investment, Insurance companies, the Defense industry and Lawyers made heavy contributions to politicians, gaining unprecedented clout in regard to influencing government policy. Huge contributions to political campaigns became essential if a politician wanted to keep his or her job. Campaigns became more expensive and many elected officials realized that corporate support was a necessity. The media was bought up by corporate entities and the large networks were bought up five or six corporate groups. The era of networks owned by networks ended. The large media groups were now owned by corporate entities, mostly owned by the defense industry, primarily GE and Westinghouse, two of the largest defense contractors in the country. This and “corporate-personhood” that guaranteed corporations first amendment rights, meant that much of the content in the mainstream media, was controlled by a few select industries. Self-censorship of network content in order not to incur the wrath of owners or advertisers became paramount to the network executives. The United States gradually entered a phase of corporate influence that some call the “Corporacracy”. The government eventually became not a “Government by the people and for the people”, becoming a “Government by the corporations and for the corporations”.
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from the trough .....
Campaign contributions from oil industry executives to Sen. John McCain rose dramatically in the last half of June, after the senator from Arizona made a high-profile split with environmentalists and reversed his opposition to the federal ban on offshore drilling.
Oil and gas industry executives and employees donated $1.1 million to McCain last month - three-quarters of which came after his June 16 speech calling for an end to the ban - compared with $116,000 in March, $283,000 in April and $208,000 in May.
Industry Gushed Money After Reversal On Drilling