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The American Empire in a Changing World



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Friday, February 24, 2012

''What Oligarchy Means: Small Groups of Multi-Millionaires Funding Almost All SuperPACs''

"Forget the five people you meet in heaven, here are the five people running the US election system these days.

We know how the super PACs have come to dominate the presidential campaign, but a closer look at financial-disclosure numbers shows how just a tiny handful of billionaires are dominating those super PACs. An analysis of January’s campaign-disclosure filings reveals that 25 percent of all the money raised for the presidential race that month came from just five donors. That select group gave $19 million to various super PACs, often in support of more than one Republican candidate. Those numbers come from both The Washington Post and USA Today, though neither gives a complete list of those five top donors of 2012."

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