3 ms·

Politics are depressing :/ Has the tech industry always been so cutthroat, or is this a new trend? Maybe I just didn't hear about tech companies lobbying for p

Politics are depressing :/ Has the tech industry always been so cutthroat, or is this a new trend? Maybe I just didn't hear about tech companies lobbying for power in the past?

brutal_chaos_ 2y ago
I can't say for sure wrt tech industry specifically, but regulatory capture is nothing new.
dylan604 2y ago
What do you consider the tech industry? Do you consider Wall St firms to be tech? Do you consider bigPharma to be tech? Do you consider FAANG to be tech? Here's a link[0] with 2023 lobby spends by industry, but there is no "tech" listing specific. There's an entry for "Internet" listed, which I'm guessing is what you mean by "tech". Another chart[1] breaks down that entry. If you want to know when each company started to spend money, you could research their public filings. [0] https://www.statista.com/statistics/257364/top-lobbying-industries-in-the-us/ https://www.statista.com/statistics/257364/top-lobbying-indu... [1] https://www.statista.com/statistics/1035987/us-leading-internet-lobbying-spenders/ https://www.statista.com/statistics/1035987/us-leading-inter...
deleted 2y ago
[deleted]
bee_rider 2y ago
No, the tech market is totally nice, not a bunch of cut-throat thieves who’ll backstab and steal from each other at the drop of a hat. — Posted from my Xerox The roots of the tech sector are PC (the libertarian dream of basically zero-cost startups), telecoms (playground of monopolies and regulatory capture), and ad guys who’s main trick is outrunning society’s ability to understand their business model.
epr 2y ago
The tech industry spends just as much lobbying as other large businesses in the us [1]. Fiduciary duty more or less forces larger corporations to engage in lobbying, considering the great value per dollar spent. [1]: https://www.opensecrets.org/ https://www.opensecrets.org/

Politics are depressing :/ Has the tech industry always been so cutthroat, or is this a new trend? Maybe I just didn't hear about tech companies lobbying for power in the past?

brutal_chaos_ 2y ago

I can't say for sure wrt tech industry specifically, but regulatory capture is nothing new.

dylan604 2y ago

What do you consider the tech industry? Do you consider Wall St firms to be tech? Do you consider bigPharma to be tech? Do you consider FAANG to be tech? Here's a link[0] with 2023 lobby spends by industry, but there is no "tech" listing specific. There's an entry for "Internet" listed, which I'm guessing is what you mean by "tech". Another chart[1] breaks down that entry. If you want to know when each company started to spend money, you could research their public filings. [0] https://www.statista.com/statistics/257364/top-lobbying-industries-in-the-us/ https://www.statista.com/statistics/257364/top-lobbying-indu... [1] https://www.statista.com/statistics/1035987/us-leading-internet-lobbying-spenders/ https://www.statista.com/statistics/1035987/us-leading-inter...

deleted 2y ago

[deleted]

bee_rider 2y ago

No, the tech market is totally nice, not a bunch of cut-throat thieves who’ll backstab and steal from each other at the drop of a hat. — Posted from my Xerox The roots of the tech sector are PC (the libertarian dream of basically zero-cost startups), telecoms (playground of monopolies and regulatory capture), and ad guys who’s main trick is outrunning society’s ability to understand their business model.

epr 2y ago

The tech industry spends just as much lobbying as other large businesses in the us [1]. Fiduciary duty more or less forces larger corporations to engage in lobbying, considering the great value per dollar spent. [1]: https://www.opensecrets.org/ https://www.opensecrets.org/