Political Campaign Contributions Is Not A New Practice

Bribing government officials running for office by way of political campaign contributions is not a new practice. A business donates a significant amount of money to a politician who then gives them a government contract they want in return whether it be monetary gain by way of the taxpayer or allowing them to break laws for the sake of their business. These practices come out of the pockets of taxpayers and many politicians serve jail time for them. There are several regulations put in place by the Municipal Securities Rulemaking Board and by individual states. Recent studies in the past year, one done by Harvard University, have both suggested and concluded that the United States of America is no longer a democracy, but an oligarchy. An oligarchy is a form of government in which the richest people have the most power. It dates back to the time of the first colonies. Part of the United States being reclassified as an oligarchy may be due to the amount of government bribes the nation has going on at the present time. In the last presidential election in 2012, there was talk about large corporations giving the political candidates campaign contributions in order to buy them and it is a commonly discussed topic as of this day. Bribes given to the government are common in underdeveloped countries where the government is corrupt as this is an example of a corrupt practice. All levels of government from federal down to local have been caught in some sort ofShow MoreRelatedPolitical Scandals During The Twentieth Century986 Words   |  4 PagesCo rruption in campaigns, in the modern sense of candidates being swayed by corporate influence, was a result of the changes brought on by the Industrial and Technological Revolutions. 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