Secrets of the Rich

Via: ICH

Billionaires are hiding behind a network of “independent” groups, who manipulate politics on their behalf.

By George Monbiot

February 19, 2013 “Information Clearing House” – Conspiracies against the public don’t get much uglier than this. As the Guardian revealed last week, two secretive organisations working for US billionaires have spent $118m to ensure that no action is taken to prevent manmade climate change(1). While inflicting untold suffering on the world’s people, their funders have used these opaque structures to ensure that their identities are never exposed.

The two organisations – the Donors’ Trust and the Donors’ Capital Fund – were set up as political funding channels for people handing over $1m or more. They have financed 102 organisations which either dismiss climate science or downplay the need to take action. The large number of recipients creates the impression that there are many independent voices challenging climate science. These groups, working through the media, mobilising gullible voters and lobbying politicians, helped to derail Obama’s cap and trade bill and the climate talks at Copenhagen. Now they’re seeking to prevent the US president from trying again(2).

This covers only part of the funding. In total, between 2002 and 2010 the two identity-laundering groups paid $311m to 480 organisations(3), most of which take positions of interest to the ultra-rich and the corporations they run: less tax, less regulation, a smaller public sector. Around a quarter of the money received by the rightwing opinion swarm comes from the two foundations(4). If this funding were not effective, it wouldn’t exist: the ultra-rich didn’t get that way by throwing their money around randomly. The organisations they support are those which advance their interests.

Read more: here

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