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Welcome to the power of lobbying, where one of the top-20 donors to the 2020 Biden campaign ($5.2 mil) was a crypto company (Alameda Research): https://www.ope

• eezurr 4y ago
  Another way to look at lobbying is that it helps grow/sustain our economy and the successful companies at the government level. i.e. "if you made it this far (and have the money to show), you've proven to us [the government] that we can depend on you to bolster our economy". It's a self perpetuating economic positive feedback loop. -- My 2 cents (ps I'm not a fan of crypto)
  • tsimionescu 4y ago
    That view can be used to justify any type of corruption. You're paying a mayor to give you a permit? Proof you're a pillar of the local community. Paying the police not to investigate your sex trafficking? An important part of the local labor market.
  • 323 4y ago
    One problem with this view is that some entities don't necessarily optimize for money (think foreign governments).
    • lumost 4y ago
      It’s also debatable whether an elite firm would lobby to create further growth, or simply entrench their market position.
• UncleMeat 4y ago
  The open secrets data is employees donating, not companies.
  • 323 4y ago
    He declared it was him, not a bunch of employees together. The company had about 20 employees back then anyway.