08-02-2015, 06:29 AM
(08-01-2015, 11:59 AM)fredtoast Wrote: So the proliferation of lobbyist, which many people consider the most basic symbol of capitalism
LMAO... who thinks that? My guess is people who don't understand business and economics (and people with agendas, like Krugman). Lobbyists are the "most basic symbol of capitalism?!? Holy batshit crazy, Robin.
If the government doesn't restrict enterprise and expropriate wealth, then there's no reason to lobby to protect your interests. Make sense? Granted, there is also motivation to lobby to create advantages, but that, again, stems from the government's ability to restrict and restrain enterprise.
The more influence the "invisible hand" of gubmit has, the greater the incentive to sway it. So, yes, the more significant govt is with respect to business, the more value created in lobbying.