Business Should Be Free of Election-relaLess than 2 months remain before election day. Yet, as some fear, this election year seems to be getting dirtier and murkier.
Election season has not yet started, yet mudslinging and allegations seem the preferred method of provoking potential opposing election candidates. There have been numerous allegations of illegal activities. Election brokers, who get money in return for pulling together and filling halls for speeches, are notorious for egging the election candidate on to violate election laws.
As always, it seems money is key to winning. The rumors are already widespread that $2 million is all that is needed to win a seat in the National Assembly. Supposing this to be true, $4.2 million will be spent in one election district by the incumbent ruling party and the opposition party combined. This amount is 20 times more than regulated by law.
Also, there is the curious money source of some election candidates. For example, if one were to look at the required reporting of income and assets which must be filed by incumbent members of the National Assembly, it would be hard to fathom how property values and assets have hardly increased in the space of two elections in the midst of a robust economic turn-around.
Similarly there is the impression that candidates are not simply using their own money. This reporter has heard of one example of someone who was once in charge of a party's riding and oddly suffered no financial difficulty during election campaigns even though the candidate in question had no other obvious source of income. It seems, perhaps, that politicains are relying heavily on various "donations" from corporations.
In the past, ruling party candidates have often been known to receive corporate contributions. In turn, these contributing companies have also had their employees attend the candidate's speeches. Employees have even had to register as political supporters. This kind of inveterate and parasitic behavior has not only caused great financial loss to the companies in question but also weakened its competetiveness.
It is rumored that some politicians have poured money into venture companies which are soon to list on the KOSDAQ and ignorant to possible political implications, and that the profits will be spent on election expenses. Politicians are obviously attracted to the gains to be made in venutre companies as compared to the larger conglomerates. But never should the mud and muck of political circles interfere in the workings of the information age.
This insidious financial link between politicians and business should be eliminated. I would suggest to poitical pundits that they make official a promise not to receive any more business-backed political funding.
Business, whether traditional or new venture firms, should be free from elecion ugliness and just get down to work.