Brazil Bans Corporate Money In Politics

In The Young Turks on YouTube by Hlarson0 Comments

 

Brazil’s Supreme Court has come out strongly in response to widespread corruption in their elections in recent years: they’ve banned corporate donations in politics outright. Cenk Uygur, John Iadarola (Think Tank), and Jimmy Dore (The Jimmy Dore Show Podcast), hosts of the The Young Turks, breaks it down. Tell us what you think in the comment section below.

“Amid a massive corruption scandal which has tarnished Brazil’s political class and driven the country’s president to the brink of impeachment, the Brazilian supreme court has banned corporate donations to candidates and parties in future elections.

With eight votes in favour and three against, the court declared late on Thursday that the rules allowing companies to donate to election campaigns were unconstitutional.

Around 76% of the over R$3bn ($760m) donated during last year’s election campaigns for the presidency, senate and congress came from corporate entities. Both the ruling leftwing Partido dos Trabalhadores (PT) and the main opposition Partido da Social Democracia Brasileira (PSDB) received over R$1bn each.”*

Read more here: http://www.theguardian.com/world/2015…

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