By NAFEEZ AHMED
The Conservatives have won the 2015 elections with a slim majority. Labour and the Liberal Democrats suffered unexpected crushing defeats, prompting their leaders, Ed Miliband and Nick Clegg, to resign. And despite winning a significant percentage of votes, UKIP only managed to win one seat, with its leader Nigel Farage also resigning after losing to a Tory MP.
But the Tory victory reveals precisely why British democracy is broken.
The ultimate determinant of which party won the elections was the money behind their political campaigns — the winning and losing parties correlate directly with the quantity of funding received. Yet there is also compelling evidence of another factor — interference from Britain’s security services.
As of the end of last year, the Electoral Commission found that the Tories received the largest amount of donations, at £8,345,687, the bulk of which came from financiers associated with banks, the hedge fund industry, and big business. Two million pounds worth of donations were associated with hedge funds, and a further £4 million with people attending private dinners hosted by senior Tories.
Next up in donations was Labour at £7,163,988, much of which came from trade unions, as well as corporate donors like PricewaterhouseCoopers, a major proponent of corporate tax avoidance; then the Liberal Democrats with £3,038,500, UKIP with £1,505,055, and the Green Party with £248,520.
That was last year. This year, donations continued to come in. In the final week of the campaign, the Tories managed to raise 10 times more donations than Labour — a total of a further £1.36 million — once again largely from hedge fund managers, property tycoons, and a telecoms firm that has avoided paying corporation tax in the UK since 2007.
Political parties appear to have achieved electoral success in direct proportion to the amount of money received to fund their political campaigns, indicating that the most important precondition for victory in Britain’s broken democracy is the party’s subservience to corporate power.
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Source – BSNews, 11 May 2015