Crowd Funding Attempts To Out-Bid Corporate America

Ordinary, middle class, individuals are taking a stand against corporate America. The crowd funding website www.indiegogo.com is making history- as one if it’s members attempts to raise 660 million in order to buy the Tribune Company.

The Tribune Company is a major newspaper company. They own some of the most well-known publications, including the Los Angeles Times, Chicago Tribune, and Baltimore Sun. Currently the two known bidders for the company are Rupert Murdoch (owner of Fox News and the New York Post- both well known conservative news outlets) and the Koch brothers (famous conservative political funders). Because of these individuals political influence and history of using their billion-dollar pocketbooks to influence the public’s opinions, the idea of them owning yet another major part of American media doesn’t sit well with many. And that’s why this fundraising opportunity has already raised over $100,000, just in it’s starting stages. Granted, it’s not nearly close to its $660 million goal- but according to the group who started the fundraiser, that is okay. “It’s about taking a stand and having a voice against corporate America,” they say.

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So what happens if they do get their $660 million goal? They plan on turning each individual newspaper into a non-profit community-owned publication. Basically they want to give the publication back to the people. In reference to this, they point out the infamous Green Bay Packers- an NFL football team owned by their fans. This is a concept they would like to see in other local (mostly cooperate owned) businesses.

They hope to remove political influence and corporate greed from the world of journalism. And although newspapers seem to be a dieing business in the United States, they believe by putting the control of the publication into the people’s hands could save and reinspire the love of a written news outlet. They point out that the individuals who write the articles deserve an equal voice to the big-money owners of the paper. But in order to truly give them that voice, they need true freedom of the press. They believe the way to get that freedom- is to put the newspaper’s ownership in the hands of the people who read it daily.

So what do the Koch brothers and Rupert Murdoch have to say about this ‘stand against corporate America’. Well… nothing. Neither of them have yet to make a comment regarding this crowd funding endeavor. And although they are staying quiet about their opinions regarding this historical attempt, the public is not. The story is reaching out through a variety of social media outlets including facebook, twitter, and blogging websites. It’s also been featured on a variety of major news outlets including CBS, Bloomberg, and Upstart.

Word Cloud "Crowd Funding"

The fundraising group has made it clear that if the full $660 million isn’t raised, they’ll refund each of the donors, but if it is raised- history will be made. This would be the first time in US history that people have stood together to buy a piece of corporate America and return to the public. “It’s not even about raising the full amount,” explains a financial supporter of the ‘People’s Peaceful Takeover of the Tribune Company’ who wishes to remain anonymous, “It’s about letting corporate America know that the 98% of us are fed up. We want to see less financial influence and more freedom of speech. It’s what America was built on, and now we can take a stand to reignite that flame of freedom.’

This will be a crowning glory in America’s history where people will be able to freely express their thoughts and raise their voice in case the elite class use their financial strength to suppress the voice of the downtrodden and get various winning proposals from every big decision taken by the government, leading it to be dominated by the corporate class.

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