Richard Wanderer, author and attorney, discusses the corporate stronghold on American life and politics in light of the Supreme Court’s new ruling on political campaign contributions. An expert in corporate takeovers, he states "...with this U.S. Supreme Court decision, it may now be possible for foreign owned corporations to meddle in U.S. politics."
Encino, CA (PRWEB) February 20, 2010 -- What would you do if your company were taken over? Or your country? The Supreme Court’s recent overturn of federal regulations limiting corporate political contributions has ignited a veritable political firestorm. This recent change in Federal regulation, resulting in the legitimization of corporations as “artificial people,” has created an outcry from the political right and left, with both sides painting a doomsday picture of a blossoming fascist America, Inc. This change has caused many Americans, including attorney and author, Richard Wanderer, Esq., to wonder what problems this new ruling will bring about.
Having written about the plight of American workers “who have dedicated their sincere efforts to helping their employer build a successful business, only to find that, one day, strangers with a different agenda have taken over the company they helped to build,” Richard Wanderer is especially cautious of Corporate America’s agenda within the American legal system. After all, who is to say that what happened to the American worker won’t happen to the American voter? As Wanderer puts it, “Certainly, corporations that do not have ‘profit only’ as their main aim and fulfill their social responsibilities to the communities that create them, are necessary fixtures of free enterprise. But with this U.S. Supreme Court decision, it may now be possible for foreign owned corporations to meddle in U.S. politics.” In other words, the United States may go to the highest bidder even if it isn’t up for sale.
A hostile takeover, when one company purchases enough shares in its competitor to get around a refusal to sell it, is not a new concept to business, and it certainly applies to the political system whether we like it or not. U.S. Supreme Court Justice Stevens, in his stirring dissent in this case of Citizens United v. Federal Election Commission, took issue with corporations being treated as natural persons, referring to corporations, he stated in pertinent part, “…because they may be managed and controlled by nonresidents, their interests may conflict in fundamental respects with the interests of eligible voters. The financial resources, legal structure and instrumental orientation of corporations raise legitimate concern about their role in the electoral process.”
To put it another way, countries such as China could dictate the course of American politics just by having their corporations, many of which have branches within the United States, purchase politicians thus ensuring their interests are met. Unfortunately, the real heart of the American political system, the American voter, has almost no way to finance its interests. The average American household brings in approximately $52,000 per year. Compared to the billions of dollars available to multinational corporations, is there any way hard-working American citizens can compete?
Richard Wanderer, attorney at law and author of The Holiday Party: A Tale of a Corporate Takeover, knows from his own corporate employee experiences, the plight of the American worker today. His book, based on his extensive legal and business experience, poses timely ethical questions about the extent of corporate America’s reach in everyday life. With his popular fact-to-fiction suspense novel, his insights into corporations and their effect on not only the average worker but also on the country could not be timelier.
In addition to being an expert in corporate takeovers, Richard Wanderer, Esq. has more than 30 years experience in the publishing field in New York City and Los Angeles where he has worked in public relations, publicity, and advertising sales with key American corporations, including the major national magazine companies Family Circle, Esquire, The Saturday Evening Post, and Playboy. Wanderer has also won an award from the California Bar Association for his pro bono work and has been invited to write an op-ed piece for the prestigious Bulldog Reporter.
For more information on his acclaimed novel and how an employee may standup to a corporate takeover, layoff or downsizing, contact Richard Wanderer, Esq. at (818) 986-7777 or visit http://theholidayparty-ataleofacorporatetakeover.com/
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[Via Legal / Law]
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