Corporate Power and the Negation of Democracy

Paper Summary:

The writer asserts that corporations give a significant amount of their money to politicians and spend an even greater amount of money trying to persuade these politicians to vote in a manner favorable to the corporation's cause. These contributions, Political Action Committees and personal influence, explains the author, are the avenues the paper presents for corporations to influence the government.
Table of Contents:
Review of Literature
Methodology and Theoretical Orientation
Corporate Influence on Congress
PACs and Campaign Contributions
The "Good Ole Boy" System
Corporate Responsibility
A Study of 1998
Conclusions

From the Paper:

"Political Action Committees are one main source of corporate campaign contributions. In 1943, the Congress of Industrial Organizations (CIO) formed the CIO-PAC to collect and disperse voluntary political contributions from union members. It wasn't until the 1970s that PACs were legitimized. Limits on campaign contributions from individual PACs caused the number of registered PACs to increase from 608 to 4200 by the end of the 1980s (Godwin 87). PACs use a number of methods to solicite funds from the public including union campaigns and direct mail techniques. They can then contribute to the campaigns of agreeable politicians. Corporate PACs contribute funds from one or several corporations, giving corporations another avenue with which to control the political arena. A survey conducted in 1984 showed that 68% of corporations that had their own lobbying force in D.C also contributed to Political Action Committees (Wright 418)."

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