The Price Tag of Public Policy

Paper Summary:

The paper argues that the rich buy their way to political power. The paper shows how money gives big corporations the ability to control the public policy that can destroy our economy and widens the already overwhelming wealth divide. The paper also reveals shocking scenarios where government officials have been bribed with big money from industries to enact legislation that assists them. The paper then suggests that we, the common citizens, pool our resources to influence political parties with the same strategy as the corporations, but to instill fairness in our policies and fight the overwhelming greed.

From the Paper:

"As we near a state of serious recession in the United States, most people turn their attention to the astronomical salaries made by CEOs each year. However, although many do recognize the wealthy as the main reason for our economy's struggles, there is little we can do to control them. Their money gives them the ability to control the public policy that can potentially restore our once booming economy and widens the already overwhelming wealth gap that most suffer in. Even in a so-called democracy, our government officials can be and many times are, bought. There have been plenty of instances where wealth has tried to be controlled by public policy, but it continuously proves to be too powerful, and it is largely contributing to our country's downfall."

Sample of Sources Used:

• Beaulieu, D. (1996, October). The public should finance election campaigns. U.S. Catholic, 61(10), 16.
• Hazlett, Thomas. "Economic and Political Consequences of 1996 Telecommunications Act." Regulation 23 (1998): 37+.
• Thomson, Gabriel. "Meet the Wealth Gap." The Nation 30 June 2008: 1-8.
• "Writing cheques, hedging bets." The Economist 18 Sept. 2008.

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