...but it can buy you influence. I shall begin with an admission which in certain circles is
quite controversial. I like capitalism. I like the high standards of living
which come with it. I don’t accept that it is oppressive.
However, I am not uncritical. I think that we should always be on the lookout
for the abuses of the power which are associated with wealth. It is my view that the
market functions best when it is regulated by an independent state. The state
should be controlled by the voting public alone. We should be very suspicious
of market actors exerting or attempting to exert influence over the state.
After the last expenses scandal (which frankly hasn’t been
resolved), David Cameron said that corporate lobbying, the practice of
companies influencing governments, was “the
next big scandal waiting to happen”. Sadly, apart from a couple of minor
incidents, he was wrong. Corporate lobbying is hard-wired in to our political
system, allowing established firms beneficial access to policy makers, at the
expense of both consumers and other firms. This should offend people on both
the left and the right of the political spectrum, because it is detrimental to both
the public at large, and also to the proper functioning of the market. Funny
then, how nobody seems to care about it.
Let me give you some publicly available, and I should stress
perfectly legal, examples.
Ed Balls is the Shadow Chancellor. That means that if Labour
wins the next election, as the opinion polls currently
indicate that they will, he is the man that will be in charge of the nation’s
economic policy, including all tax law. According to the Register
of Members Interests, the huge accountancy firm Pricewaterhouse Coopers supplied him, for
free, with “the services of a research assistant/analyst...for 4 days a week on
a 22 week secondment from 4 January 2012 to 1 June 2012, value £72,576”.
Why would they do a thing like that? What possible interest
could an accountancy firm have in the politician who could end up writing tax
law?
Let’s take a different example. William Hague is the Foreign
Secretary. He is in charge of Britain’s network of embassies across the globe.
He received a political donation of “£6,545.90, for reception” from a company
called Project Associates UK Ltd. A glance at this company’s website tells us that they
are a PR firm which governments across the world can hire to help them communicate
with the press and NGOs.
Do companies just give out four figure donations without
expecting anything in return? Because if so, I’d like some of that. What was
being brought here? Why would a company specialising in international
governmental PR make a personal donation to the Foreign Secretary?
The idea of a company making a political donation is
ridiculous. A person can have political beliefs, and they can choose to donate
to a politician if they agree with them. Companies are not sentient beings.
They cannot believe in things. A company director cannot just spend company
money on whatever they want; the spending legally
has to be in the interests of the company. But if a donation is in the
interest of the company, then the company is buying influence over the state.
As I've tried to show you, that’s not OK, regardless of your politics.
No comments:
Post a Comment