Summary and Analysis of Dark Money: The Hidden History of the Billionaires Behind the Rise of the Radical Right: Based on the Book by Jane Mayer
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Jane Mayer’s Dark Money: The Hidden History of the Billionaires Behind the Rise of the Radical Right tells the fascinating and troubling story of how a small group of activist billionaires has come to exert an enormous influence on American politics. By using their wealth to gain effective control of the Republican Party, Charles and David Koch have tied it to a conservative agenda that furthers their own business interests.
Drawing on five years of carefully documented research, Jane Mayer, an investigative journalist and New Yorker staff writer, covers the family history of the Koch brothers and their decades-long journey from the fringes of right-wing politics to the very center of political power. Her message offers implicit warning about how anonymous, unlimited funding threatens to turn American politics into a government run by a few.
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Reviews for Summary and Analysis of Dark Money
4 ratings2 reviews
- Rating: 5 out of 5 stars5/5Informative, fascinating, useful read. It explains some of the things I’ve been wondering about such as why elections are held on a Tuesday and not a weekend like in other countries like France or Australia.
- Rating: 5 out of 5 stars5/5Helps getting a handle on the organizations and name changes since Citizens United.
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Summary and Analysis of Dark Money - Worth Books
Contents
Context
Overview
Summary
Timeline
Cast of Characters
Direct Quotes and Analysis
Trivia
What’s That Word?
Critical Response
About Jane Mayer
For Your Information
Bibliography
Copyright
Context
Jane Mayer’s Dark Money was published in January 2016, during the run-up to the most bitter and divisive election campaign in recent US history, one that would lead to the election of Donald Trump, the country’s first billionaire president.
The book provides invaluable insights into the major role that a tiny network of ultra-wealthy donors led by Charles and David Koch has come to play in US politics over the past 40 years. Through tax-free contributions to charitable foundations, they have driven a radical conservative agenda in academia, the media, the court system, and government, exerting a hidden but powerful influence in all those spheres.
Dark Money had its genesis in Mayer’s article in the August 30, 2010 issue of the New Yorker: Covert Operations: The billionaire brothers who are waging a war against Obama.
Although other journalists have approached the subject before—notably Chrystia Freeland in the book Plutocrats: The Rise of the New Global Super-Rich and the Fall of Everyone Else—none has given such a detailed account of the origins of the current tidal wave of right-wing political spending, the convoluted paths it travels, or the often insidious ways it affects national and local politics.
Overview
Dark Money tells the fascinating story of how an elite circle of fabulously wealthy individuals have come to play a decisive role in the American political system, gaining effective control of the Republican Party and influencing election outcomes across the country.
The book focuses on the heirs of a few families with notable surnames, including Richard Mellon Scaife, of the Mellon Bank and Gulf Oil dynasty; John M. Olin, of the chemical giant, the Olin Corporation; and, most notably, Charles and David Koch, heads of Koch Industries and two of the wealthiest individuals in the world.
Mayer details how Fred Koch, the family patriarch, amassed a fortune in the oil industry during the 1920s and ’30s and later became a founding member of the John Birch Society. His sons Charles and David followed in their father’s ideological footsteps; in the 1970s, they joined the Libertarian movement, which promoted unfettered free enterprise and the reduction of government to one essential role: protecting private property.
Given the Libertarians’ scant electoral success, the brothers turned to advocacy philanthropy,
using their financial clout to fund academic departments and think tanks in an effort to create the intellectual framework for their radical conservative agenda. All this largesse was channeled through charitable foundations, making it anonymous, or dark,
and tax deductible.
By 2009, the Koch brothers’ donor network had become vast, and the sums it handled were enormous. Through donations to political action groups, the network supported—or arguably, created—the Tea Party movement. A 2010 Supreme Court decision removed limits on corporate donations to political action groups, opening the floodgates to a raging river
of dark money in that year’s midterm elections. The result was a Republican majority in Congress that would obstruct President Barack Obama’s agenda for the rest of his tenure.
For anyone seeking to understand the outcome of the 2016 campaign, Dark Money provides essential perspective. It tells the story of the real power driving the conservative groundswell in American politics: A