5 ms·
> representatives who voted in favor of finance often received $200,000-$300,000 from that sector, which raised the odds of switching by 25-40 percent. Quite c
by arcanus 9y ago
> representatives who voted in favor of finance often received $200,000-$300,000 from that sector, which raised the odds of switching by 25-40 percent.
Quite cheap, given the magnitude of the results.
- maxxxxx 9y agoLobbying has one of the highest ROIs of any activities a company can do. I have seen statistics where they showed an average ROI of 100x and more.
- jbpetersen 9y agoSo what's preventing market saturation from everyone lobbying until the ROI drops to something sane?
- maxxxxx 9y agoI was wondering about that too. I think lobbying is only one side of it but there is also the threat of attacks ads from super PACs. They often don't even have to spend the money because the threat alone is enough. And that is much more money.
- solonagathon 9y agoMarket theory doesn't apply. The group against which lobbying efforts are directed is often the American people - and they are not organized enough to 'enter the market's.
- avn2109 9y agoOn issues where there are > 1 powerful organized constituencies in the lobbying market, this is exactly what happens. However, many issues have just a single "market participant" which is organized enough to participate, and then the ROI is really high.