2 years, 4 months ago
Is it realistically possible for any politician interested in challenging our corrupt lobby system to be elected and to fix the problem?
When our biggest banks and insurance company were bailed out, at taxpayer expense, those firms actually increased their lobbying efforts aimed at A. Getting the government to give them vast amounts of money without strings attached, B. Limiting the inevitable regulation of their activities, and C. Ensuring limited oversight of their activities. They were lobbying using taxpayer money while taxpayers were bailing them out and then guaranteeing their loans. Even pseudo-governmental Fannie and Freddie have enormous lobbying budgets. Of course this is just one egregious example. Our entire political system is rife with this type of institutionalized corruption. What happens in the end is big companies analyze whether it is cheaper to improve their products and services to compete, or to just lobby to get laws changed to favor them. Often they choose the latter. Lobbying undermines the entire free market system in the USA. Is there a way out?
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I think it is realistically possible for a politician interested in challenging our corrupt lobby system to be elected and to fix the problem. One of the best way for an elected politician to change the system is the person elected should have the political will to effect a change. Lobbying should be banned in the halls of Congress, the White House, and the Judicial institutions. If need be lobbying should be criminalized and make companies be put on a black list that will be prohibited from all government transactions.
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