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Dollarocracy by Robert McChesney, John Nichols

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2

THE $10 BILLION ELECTION

What It Looks Like When Billionaires Start Spending

I don’t cry when I lose. There’s always a new hand coming up. I know in the long run we’re going to win.

SHELDON ADELSON, DECEMBER 5, 2012

For the first time in the history of the United States, the 2012 campaign to elect a president was covered—for the most part—as a business story. That was fine by business, which had been newly freed by the Supreme Court’s Citizens United decision to invest in the emerging market of American politics. That was fine by the politicians who could jet off to Vegas, have lunch with a billionaire casino mogul, and come away with “a $100 million investment” in the campaign.1 And that was just fine by American mainstream media, as most ...

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