Any potential candidate for the coming US election need to raise at least $ 50 million to even be nominated. And that’s just the official limit….
Estimates say that some candidates will spend close to $ 100 million. And the two final candidates will have spent a minimum of $ 500 million each by the time the elections are over. How are they going to pay back the donors ? Or even their own investments ?
Except by doing political favours that can only lead to bussiness profits . More Haliburtons ?
And the 20 oddd candidates that will fail to get nominations from their parties will need to pay back a combined $ 1 to 2 billion to their backers in some form or the other.
How then do you expect a presidency that is completely untainted by bussiness interests ?
Not that Indian elections are any better. They are worse. It is said that upto 50% of the black money generated in India is for unofficial expenditure, not only during electioneering, but also to pay a premium to entice candidates that are known to ‘carry’ voters to your own party.
I saw this many years ago when after the emergency declared by Indira Gandhi, election were finally declared. I was a casual observer of a new party called the National Party that was formed by the film folk. I was amazed to see that when the tried to recruit potential candidates to stand on the National Party platform, the candidates always quoted a a substantial fee, which was the minimum the other party was offering ! And the idea behind the National Party was to create a party of no corruption. Needless to say the party never got of the ground once everyone became aware of the hard ground realities of an election in India.
Reminds me of something very interesting, which if anyone else knows about, could verify with more detail ? Apparently in major metropolis’s in India there is a premium atttached to becoming a Police Inspector, or even a lower rank at certain police stations. Where the the amounts of bribes that are offered are significantly higher than average. Part of the money goes to the retiring policement and a large percentage to the higher ranking police officials.
So a young man joining this police station has to shell out some money from his own pocket (or from his parents if he is a relatively new recruit) to take a job in a ‘high bribe’ station. He obviously has to recover this ‘investment’ with a substantial return on it. It’s not going to come from his meagre salary, is it ?
Nor from the member of Parliament’s salary,
nor from the Salary of the US President’s
Welcome to the real world,