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The Lobbying-Industrial Complex Strikes Again | Money & Politics, What Matters Today | BillMoyers.com

The Lobbying-Industrial Complex Strikes Again | Money & Politics, What Matters Today | BillMoyers.com | Coffee Party News | Scoop.it
Corporate lobbying may have a bad name, but it remains a darn good investment.
Coffee Party USA's insight:

Excerpt:


Companies spent about $3.5 billion annually on lobbying at the end of the last decade, a nearly 90 percent increase from 1999 after adjusting for inflation, political scientist Lee Drutman notes in a forthcoming book, “The Business of America Is Lobbying.”


Why the dramatic leap? Most big companies long shied away from lobbying outside a narrow band of issues. That started to change in the mid-1990s. Under a pro-business Congress, which invited their participation in policy debates, industry groups won big victories such as permanent normal trade relations with China and the deregulation of telecommunications, Drutman said. Corporate executives saw how those victories made them money, and they shed their inhibitions about playing in the world of government….......


The fact that this practice is perfectly legal doesn’t change the fact that it’s a prime example of government corruption.

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Floor Speech on the Retirement Crisis

Senator Elizabeth Warren's floor speech on the retirement crisis, on November 18, 2013
Coffee Party USA's insight:

Warren speaks out about retirement.

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