As the New York Times has reported:
Overruling two important precedents about the First Amendment rights of corporations, a bitterly divided Supreme Court on Thursday ruled that the government may not ban political spending by corporations in candidate elections.
The 5-to-4 decision was a vindication, the majority said, of the First Amendment’s most basic free speech principle â€šÃ„Ã® that the government has no business regulating political speech. The dissenters said that allowing corporate money to flood the political marketplace would corrupt democracy.
The ruling represented a sharp doctrinal shift, and it will have major political and practical consequences.
a major victory for big oil, Wall Street banks, health insurance companies and the other powerful interests that marshal their power every day in Washington to drown out the voices of everyday Americans.
That just about sums it up.
The decision is of course wholly illogical. If it were true then corporations would also be due a vote, and they're not.
If it were also true, of course, the tax incidence argument that corporations are mere agents, would also be wrong.
It's amazing how corporations want it both ways to suit their own purposes. At cost to the rest of us and democracy.
The threat to our well being that big business poses seems to grow by the day. Fear is their weapon of delivery, with advertising its medium for supply.
Which will no doubt be evident in future US elections.