In a post two days ago, I noted the many venues and many ways in which the Mayday Super PAC and its leader Lawrence Lessig pledged to stop their fundraising juggernaut once they reached their predetermined threshold. The Mayday PAC made this pledge part of their fundraising appeal, part of its way of showing that [...]
In its original fundraising appeals to large and small donors, the use-big-money-to-stop-big-money Mayday Super PAC declared that it would raise $12 million for spending on 2014 races (with $6 million from small-to-medium donors, $6 million from megadonors), then stop fundraising and spend the raised money in campaigns.
Here’s the documentation of that plan from multiple [...]
A few days ago, I sent some questions to Mayday PAC, an outfit that says it will spend large amounts of money on American elections this year in order to stop the influence of large amounts of money in American elections. These questions are:
Question 1: What are the Guarantees that Mayday PAC [...]
GrowthHackers tweets us a storyline to tempt our fantasies of economic success: How To Turn $5 Into Your Dream Company.
You don’t have to visit their link to get the secret, though. It’s already common knowledge. Here’s how you do it:
Write the following note on the back of a $5 bill: “Dad, please give [...]
Most nations are happy to put the face of a national leader or an iconic animal on their currency. Not New Zealand.
The Kiwis have chosen to place the image of a cybernetic monstrosity that seeks to kill all humanity on their money. They have minted an official Dalek commemorative coin, including, as you [...]
The rejection of money as inherently wicked has not been a sustainable tactic for those who seek a just society. [...]
“The Can Kicks Back” depicts itself as a movement of young people who all “individually” decided that taxing more poor people, taxing corporations less, and cutting social programs was a keen idea. The operation is actually one of a constellation of political corporations funded by the billionaire soak-the-poor advocate Peter G. Peterson, sharing funding streams [...]
In the 1980s and 1990s, a bitter argument raged among political researchers between “state autonomy” theorists who asserted that the American state could at times act independently and “power structure” theorists who asserted that America was dominated by a social network of moneyed people and their associates interacting and coordinating through social bodies. Both theoretical [...]
Once heralding democracy for everyone, Americans Elect has restricted its voting membership down from tens of thousands of people to just three individuals: the individual Wall Street tycoon Peter Ackerman, the individual Wall Street tycoon Michael Bloomberg, and the individual Wall Street hedge fund Passport Capital (yes, corporations are people). Democracy works best when the [...]
Meet the voters of Americans Elect. There are only three of them.
Voter #1: Michael Bloomberg. Voter qualification: $500,000 in Wall Street money. Michael Bloomberg made billions of dollars selling high-priced infrastructure to Wall Street traders, allowing those gain unusually quick access to company information so they could make better trades and make more money [...]