He thinks the Clintons had political opponents murdered. He thinks we should have seized all the oil in Iraq. He believes the nuclear fallout from the bombing of Japan made the Japanese healthier. Civil rights was a terrible mistake, and black people were better off in the 1950s. He’s a climate change denialist. He “believes that human beings have no inherent value other than how much money they make”. This profile of hedge-fund manager and political king-maker Bob Mercer is horrifying for its details about the man — Mercer truly is a Randian incompetent and obnoxious ignoramus with way too much money — but the paragraphs I found most chilling were not about Mercer, but about the way American politics was corrupted by a single Supreme Court decision.
Although Mercer has recently become an object of media speculation, Trevor Potter, the president of the Campaign Legal Center, a nonpartisan watchdog group, who formerly served as the chairman of the Federal Election Commission, said, “I have no idea what his political views are—they’re unknown, not just to the public but also to most people who’ve been active in politics for the past thirty years.” Potter, a Republican, sees Mercer as emblematic of a major shift in American politics that has occurred since 2010, when the Supreme Court made a controversial ruling in Citizens United v. Federal Election Commission. That ruling, and several subsequent ones, removed virtually all limits on how much money corporations and nonprofit groups can spend on federal elections, and how much individuals can give to political-action committees. Since then, power has tilted away from the two main political parties and toward a tiny group of rich mega-donors.
Private money has long played a big role in American elections. When there were limits on how much a single donor could give, however, it was much harder for an individual to have a decisive impact. Now, Potter said, “a single billionaire can write an eight-figure check and put not just their thumb but their whole hand on the scale—and we often have no idea who they are.” He continued, “Suddenly, a random billionaire can change politics and public policy—to sweep everything else off the table—even if they don’t speak publicly, and even if there’s almost no public awareness of his or her views.”
We are so fucked.