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fintechjock | 3 years ago

> The political conditions of the US have basically deteriorated to where any meaningful regulation of corporations can't really happen because of the changing laws around how corporate contributions to political campaigns work.

I’ve run a US Senate campaign. We raised tens of millions of dollars, and I can confidently say that corporate donations made no impact in any policy decisions - on the campaign or the official side.

That extends to individual donations as well. The caps are ~$10,000 per couple. Considering the cost of a federal campaign, no person or corporation can buy a campaign when costs are in the tens of millions and contribution caps are in the thousands.

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