How Lobbying Became A $3.5 Billion Industry

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CNBC

CNBC

3 жыл бұрын

Lobbying is a huge industry in the U.S. In 2019, around 12,000 registered professionals helped clients spend over $3.5 billion, which seems to pay off. According to one study, for every dollar spent on lobbying and campaign contributions, a corporation can receive up to $760 from the government. Still, lobbying is often criticized and public perception of the practice is low. Opponents say that the industry isn’t adequately regulated, and that the ability to influence policy is in the favor of those with unlimited financial resources. Supporters say that without their in-depth expertise, lawmakers wouldn’t be able to do their job effectively and efficiently. Watch the video above to understand how lobbying works, why it exists and how it became a powerful tool for businesses.
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How Lobbying Became A 3.5 Billion Industry

Пікірлер: 836
@379california
@379california 3 жыл бұрын
It’s “legal” corruption
@Comeback180
@Comeback180 3 жыл бұрын
In 1976 Buckley v Valeo went to the supreme court and the court made it legal to the constitution which is where we are today. Corporate lobbying definitely has a influence cause our energy should've already been on solar, wind, nuclear and other renewable energy. There should be a great proportion of electric cars on the road. Fossil fuel, gas and oil companies should be heavily struggling or out businesses. People should be making a $15 wage or higher by now. Mandated Family paid leave, Medicare For All, sick paid leave should be here.
@dailydissent6076
@dailydissent6076 3 жыл бұрын
Yes it is. I detail this topic further on my channel, if you're interested. -Israel
@mikaelbaranyi8650
@mikaelbaranyi8650 3 жыл бұрын
Yes that's exactly what it is
@ex-spontaneous-spontaneous4134
@ex-spontaneous-spontaneous4134 3 жыл бұрын
​@@Comeback180 I took an Alternative Energy Systems course in my BSME undergrad, this topic was heavily related, but at the same time is a double edged sword. i.e.: the automobile industry has long existed as well as electric vehicles back in the early 1900s and yes oil became the main choice. So oil and such industries like coal, and often are thought of as dirty pollutants, but people sometimes forget that electricity has to be generated somehow through dirty means depending on POV (coal burning to run steam cycle turbines, hydro electric water pumping, nuclear with heavily toxic byproducts albeit one of the most efficient energy generators per mass volume). All these things in everyday life have a "process" to which they must go through for hi production, etc.. and often those old processes such as auto mfg, oil, plastics production etc.. have been refined so much over the decades that they're very efficient not to mention they have well established supply chains and abilities to produce demands. Whereas say how it's less polluting to the environment to produce a plastic bottle from scratch than to just recycle plastic and reform materials from it. The technologies are changing so fast nowadays that it's going to take some time for these "cleaner solutions" to actually become more efficient and feasible than older remedies. Same with cars, it's a cleaner, more efficient to produce a typical gas economical vehicle like a nissan versa, honda civic vs typical HEV/PHEVs like a prius, tesla, leafs etc, due to all these electrical components requiring heavy amounts of rare earth metals, specialty parts and manufacturing processes and supply chains that still need refinement. Same goes with solar, it's still a fairly inefficient process to be a holistic solution because it doesnt work as well as it should theoretically for the amount of energy input into production. Wind is geographically limited and not so feasible everywhere, because it still takes large amounts of metal and requires large amounts of windings etc for power generation and transmission. Big topic also "infastructure" issues... geothermal energy sources are only relatively viable options at such distances until they become inefficient and nonpractical. Even if say these were largely lobbied topics with a high public support, things would need their lifetimes to come to an equilibrium amongst everything else, until one outdoes the other and becomes obsolete.
@twixxtro
@twixxtro 3 жыл бұрын
Corrupting the government
@g5realestate280
@g5realestate280 3 жыл бұрын
In other countries.... lobbying is called: Bribery...
@fanelemabaso2514
@fanelemabaso2514 3 жыл бұрын
@Gareth De Bruyn im not gonna speak about the correctness or the wrongness of what they did but, they did what the other 2 families i wont mention have been doing for a century. But my view on things is, South Africa needs a collaboration of public and private capital. China made it work, we can make it work as well. Caz nationalisation definately wont work, and considering our history, privatazation isnt the answer either. So, the two need to work together.
@alastairhewitt380
@alastairhewitt380 3 жыл бұрын
​@Gareth De Bruyn Even though countries like Brasil & SA have a lot of corruption at least they occasionally do something about it. But nothing is being done in the US. Not even in '08, no one is being held accountable. One of the scariest things about our culture is that we have the resources to change, but we choose not to.
@greyangelpilot
@greyangelpilot 3 жыл бұрын
Pure semantics. Pay to Play is the MO for anyone in Politics, not the "Greater Good" a policy can affect. It's why we have political system of diminishing returns, the more Lobbying by the Fortune 1000 & their Associations, the less effective the governance We the People receive.
@cocoacoolness
@cocoacoolness 3 жыл бұрын
Lobbying is a very big issue in Australia too. We once tried to tax our mining companies, as they are our biggest industry and they hardly pay tax, but that was shut down by one of the most expensive lobbying campaigns of all time.
@dailydissent6076
@dailydissent6076 3 жыл бұрын
Yes it is. It's rather sad. Even Khan Academy's video on lobbying paints a friendly or vague picture. I break it down on my channel, if you're interested.
@maxl2781
@maxl2781 3 жыл бұрын
Elsewhere, it is called corruption.
@camilosixtino
@camilosixtino 3 жыл бұрын
Trafico de influencias
@arnoa.6049
@arnoa.6049 3 жыл бұрын
In europe they call it lobbying too... here it's on a multinational level trough the EU
@tyty0071
@tyty0071 3 жыл бұрын
Yes, get big money out of politics such as the George Soros Open Society foundation that's furthering GLOBAL COMMUNISM.
@ArmageddonIsHere
@ArmageddonIsHere 3 жыл бұрын
Totally!
@Racko.
@Racko. 2 жыл бұрын
And Bribery
@g5realestate280
@g5realestate280 3 жыл бұрын
Obviously, someone who has a company for lobbying, will only say good things about lobbying.
@adastra8218
@adastra8218 3 жыл бұрын
🤭😅
@sebas8225
@sebas8225 3 жыл бұрын
Of course they will.
@TheLinuxYes
@TheLinuxYes 3 жыл бұрын
weird how that works.
@myhatmygandhi6217
@myhatmygandhi6217 2 жыл бұрын
Lobbyist: Lobbys are good. Public: It's bribery and should be illegal.
@julianj9830
@julianj9830 Жыл бұрын
And obviously people these days gobble up what they say simply because they work with authoritative figures.
@tech8222
@tech8222 3 жыл бұрын
America: The World's Biggest Company
@charlied8882
@charlied8882 3 жыл бұрын
Tech-Support-420 U.S. Corp Act of 1871 and District of Columbia Act of 1871. UNITED STATES INC.
@santaclaus0815
@santaclaus0815 3 жыл бұрын
not only in the US
@WahyuSetiawan-sz4lc
@WahyuSetiawan-sz4lc 3 жыл бұрын
I'm not sure in other country, but something called lobbying is straight up illegal in my place. It's a blatant bribery aka a corruption.
@ArielZab
@ArielZab 3 жыл бұрын
I think socialist countries better fit this
@langolier9
@langolier9 3 жыл бұрын
Yes the biggest most corrupt company in the world they make Apple and Amazon look like the best tax paying companies in the world
@mondcivitano7097
@mondcivitano7097 3 жыл бұрын
"Lobbying is not what the people think, we are not buying american politics for private interests, we... [insert euphemism here]"
@ExcessumGaming
@ExcessumGaming 3 жыл бұрын
Only reason why they want us to think that is because people are starting to wake up and see that its exactly that. Bribery and corruption for industrial+ class.
@mxachary
@mxachary 3 жыл бұрын
...are exercising our first amendment rights. They actually believe that
@sebas8225
@sebas8225 3 жыл бұрын
Lobbying is a excuse to keep power, whereas the government outstepping it´s boundaries is more often than not a power grab disguised as "fair regulation". We should´ve held the lawyers accountable to the Law of the People a long time ago instead of giving them free reign to scam and fearmonger people into lobbying.
@RLomoterenge
@RLomoterenge 2 жыл бұрын
“It’s bribery with extra steps”- Morty Smith
@svettnabb
@svettnabb 3 жыл бұрын
Ah, when the corrupt tells you they should be trusted.
@davidburns6033
@davidburns6033 3 жыл бұрын
Everything a lobbyist does should be public knowledge.
@kenadams94
@kenadams94 3 жыл бұрын
It's not very interesting.
@kenadams94
@kenadams94 3 жыл бұрын
Plus, it is public knowledge
@davidburns6033
@davidburns6033 3 жыл бұрын
Let me correct myself in saying that everything a lobbyist does has to be recorded and televised on national tv with FULL TRANSPARENCY FOR EVERYONE TO SEE! Too many back room deals and laws created for special interest groups who hide behind PACs and LLC’s. It time to put faces on the money trails and bad laws only benefiting a few! And we must have a budget and stop hiding behind National Security! National Security will end up bankrupting the United States! The biggest employer in the United States is the Federal Government. And it is all bankrolled on the backs of middle class America! The ones who can hardly pay their own taxes. And then you have ass wipes like Trump who is above the law and celebrates that he pays no taxes and get refunds in the hundreds of millions!
@victorzyang
@victorzyang 2 жыл бұрын
It is public knowledge. Lobbyists need to register if they spend more than 80% advocating for an issue.
@Dman9fp
@Dman9fp 2 жыл бұрын
Pretty much everything everybody does is somebody's knowledge. I really don't care if you want to know how much I love Florida rivers and the state in general and fighting against its probably inevitable decline... xD Sorry there, kind of got sidetracked, seems to be a trend lately lol
@scottluthy5828
@scottluthy5828 3 жыл бұрын
Lobbying is the way corporations get what they want. Robert Reich is spot on when he says we need to rid ourselves from corporate oligharchic power over president and congress.
@merrymachiavelli2041
@merrymachiavelli2041 3 жыл бұрын
@S C 'Not all propositions by lobbyists are bad' is not a great defense. That's like saying allowing doctors to be bribed by drug companies isn't a bad idea, because occasionally they would prescribe medicine that worked. Lobbyists don't have a vested interest in crafting good policy - they have a vested interest in achieving corporate goals. _Sometimes_ that might result in a decent proposition, but often it will not, when one of the prime functions of government is to protect individuals from exploitation and gross harm. - Even if you hate politicians - lobbyists (especially corporate ones) don't help. There are public policy experts who aren't getting paid by big business in almost any field you care to name - incorporate _them_ into policy discussions!
@merrymachiavelli2041
@merrymachiavelli2041 3 жыл бұрын
@S C You misunderstood. My point wasn't that lobbying is bribery, it's that in both situations you are dealing with individuals with conflicts of interests who might, on occasion, end up doing a 'good thing' just because it happens to coincide with their agenda. - The other example I was going to use (that doesn't work quite as well, because it doesn't hit on the conflict of interest element) was having 5-year olds giving out medical advice - occasionally, they'll tell you to eat your veggies, which is decent advice. That doesn't mean it's a good idea to have 5 year old doctors.
@greebfewatani
@greebfewatani 3 жыл бұрын
@S C and I'm living in what you call 3rd world country and what I see is bribe with some class
@MarkWTK
@MarkWTK 3 жыл бұрын
he has a youtube channel if you're interested, under his own name - Robert Reich with >200k subscibers
@IonorReasSpamGenerator
@IonorReasSpamGenerator 3 жыл бұрын
@S C Made in USA food is often unsellable in the EU due to lacking comparable food safety standards and the US also prohibits the use of only a fraction of chemicals in consumer products (shampoo, deodorant) compared to the EU, in fact, some chemicals that are banned in China are allowed to be sold in the US, so Chinese sells to Yankees some stuff that is unsellable even in the smoggy garbage bin of industrial waste country like China. And don't get me started on the state of gun control debate in the US... Why you think the US is where it is??? If you think that paid lobbying does not have power over law creation you can as well believe that you have the same chance to win a law dispute in front of a judge with your by law freely given lawyer as a rich guy armed with a fleet of expensive lawyers "lobbying" for his rights... The trouble is not that corporations should not have their own voice, trouble is that opposition of corporations like the organized neighborhood that does not want his area polluted by some factory posing health hazards for the local community due to factory actively cutting down on waste disposal budget, for example, does not have anywhere to an equal chance to lobby against a corporation with much more resources to lobby or directly incentivize politicians to see only corporation's point of view in order to keep things the same way at the expense of average people. You can check for example Heartland Insitute a professional lobbying group for among other things denying/doubting human-made negative effects of climate change for the industry sake, they even got own teenage anti-Greta for creating doubt in public, just watch this video made by pro shill group, its pure gold and tell you all you need to know about what is wrong with paid lobbying: kzfaq.info/get/bejne/o9eVnbuknL7Lo4k.html
@dannysart3990
@dannysart3990 3 жыл бұрын
"It's a big club and you ain't in it" George Carlin.
@jamesmorton7881
@jamesmorton7881 3 жыл бұрын
SEPTEMBER 21, 2020 The most memorable pages in Das Kapital are the descriptive passages, culled from Parliamentary Blue Books, on the misery of the English working class. Marx believed that this misery would increase, while at the same time the monopoly of capital would become a fetter upon production until finally “the knell of capitalist private property sounds. The expropriators are expropriated.” hint hint, two class system, neoliberal (capitalist) KILLED the middle class rich / poor Employer / employee Bourgeois / labor Lord / serf Master / slave In Marxist philosophy, the bourgeoisie is the social class that came to own the means of production during modern industrialization and whose societal concerns are the value of property and the preservation of capital to ensure the perpetuation of their economic supremacy in society. CAPITALISM IS NOT DEMOCRATIC AND IT IS BROKEN as in: you are labor, sorry ARE YOU THE EMPLOYER OR THE EMPLOYEE ARE YOU THE BOURGEOISIE OR LABOR ARE YOU THE LORD OR A SERF ARE YOU THE MASTER OR A SLAVE Can you quit your job ? retire ? No, then you are labor, make that a slave. LOL when can you retire ? $10B AT 3.65% = $1M PER DAY $365M PER YEAR $1B AT 3.65% = $100K PER DAY $36.5M PER YEAR $100M AT 3.65% = $10K PER DAY $3.65M PER YEAR $10M AT 3.65% = $1K PER DAY $365K PER YEAR $1M AT 3.65% = $100 PER DAY $36.5K PER YEAR $100K AT 3.65% = $10 PER DAY $3.65K PER YEAR What is wrong ? well punk, are you a slave ? That's right the Capital brings the relationship of power, class division if you understand it as so. Capital is not only that described by prof. Wolff but also political power that is needed to maintain it, the superstructure. So for example, in 2008 the Gov. could have instead of giving the billions bailout "almost free money" to the financial system, actually financed(bought) part of the debt of the people who bought the houses or whatever. Even if the price was too high, the effect would be exactly the same(maybe better for the bubble) for the economy except that the power would go to save the people and no the rich capitalists who made a lot on the financial system. The money would come exactly from the same place, but without people have lose their homes, etc. Unfortunately, that irelative power. Capital is power,as much any previous class system we had. The only difference is that the previous systems used a form of violent dominance over the lower class, while Capitalists uses their Capital and power to create their ideology, including that fake story that says everyone can be rich is just a matter of hard working or good entrepreneurship. got your rice and beans ? 👍👍👍👍👍👍👍👍👍👍👍👍👍👍
@TheDoomWizard
@TheDoomWizard 3 жыл бұрын
@@jamesmorton7881 amen. Epic report. Cultural hegemony is happening. Go watch my video the system is broken on my channel. You nailed it. 🔥
@dailydissent6076
@dailydissent6076 3 жыл бұрын
Great quote
@stochasticdeterministic6939
@stochasticdeterministic6939 3 жыл бұрын
Its a tool of oligarcy
@b_f_d_d
@b_f_d_d 2 жыл бұрын
good quote
@cody4544
@cody4544 3 жыл бұрын
The last thing she said “we generally try to do our jobs well and responsibly” key word Generally.
@rsrs8632
@rsrs8632 3 жыл бұрын
The politicians should represent the people. But 95% of lobying is by corporations. This system is broken!
@valeriucore4613
@valeriucore4613 3 жыл бұрын
The problem is that a corporation is not people, it is some greedy man. Who stands out of the crowd.
@sebas8225
@sebas8225 3 жыл бұрын
@@valeriucore4613 It should be dilluted into multiple shareholders, but then comes the problem of agressive takeovers, so...
@kenadams94
@kenadams94 3 жыл бұрын
Lobbying should not be vilified. It is extremely misunderstood.
@kenadams94
@kenadams94 3 жыл бұрын
@moe raff No not really
@kenadams94
@kenadams94 3 жыл бұрын
@moe raff Oh really? What let me first ask you this - What do you think a lobbyist does? Most people can't answer this simple question.
@wholelottapain8130
@wholelottapain8130 3 жыл бұрын
“Lobbying” fancy term for corruption
@dailydissent6076
@dailydissent6076 3 жыл бұрын
Yes it is. I break it down further on my channel, if you're interested in this. :)
@pastasoo
@pastasoo 3 жыл бұрын
"I think one of the misconceptions about lobbyists is that we walk around with bags of money and say "vote out way" or "support this" or "oppose that" but it's not even close to the truth." - If that's not even close to the truth of what you do then you're just a bad lobbyist because that's the core role of your job.
@twostepz4982
@twostepz4982 3 жыл бұрын
You can lobby yourself too if you’re a millionaire. What makes you be a judge when you got millions of dollars to protect? Wouldn’t you lobby to keep making more money? I would too, but I do it to where I make it a good move and not a lost opportunity where someone else would turn that into a shithole.
@mikedouglass7725
@mikedouglass7725 3 жыл бұрын
She jus wanted to subtley but not so subtle interjected herself on the topic. But in actuality probably jus makes coffee ☕ and sandwich runs. For these guys answer phones and wat not..
@vaterix4202
@vaterix4202 3 жыл бұрын
You're corrupt.
@edwardroh89
@edwardroh89 3 жыл бұрын
​@@twostepz4982 so you don't see anything wrong with wealthy individuals lobbying government to bend rules or change laws for themselves to make more money until, they have enough power to control government? lol
@nethacker91
@nethacker91 2 жыл бұрын
She's a liar.
@lchaney
@lchaney 3 жыл бұрын
"It's an honor system type of rules and regulation we adhere to." Imagine if laws were like that for the rest of us.
@akmalhafiz8763
@akmalhafiz8763 3 жыл бұрын
Lobbyist is a nice term to call bribery or corruption in a legal way.
@yomama8212
@yomama8212 3 жыл бұрын
All the lobbyists in the video be like: “I want to keep my million dollars please thank you very much”
@empirestate8791
@empirestate8791 3 жыл бұрын
Corporate lobbyists benefit large corporations at the expense of small businesses, individuals, and the environment.
@gangstamack8397
@gangstamack8397 2 жыл бұрын
Big Facts
@Golivewiththis
@Golivewiththis 3 жыл бұрын
In other countries it’s called Corporation.
@aryankushwaha1964
@aryankushwaha1964 3 жыл бұрын
Golivewiththis you got it right
@TruthShallPrevail4
@TruthShallPrevail4 3 жыл бұрын
You mean corruption?
@Golivewiththis
@Golivewiththis 3 жыл бұрын
@@TruthShallPrevail4 Haha yeah! Thanks for correcting
@Dennisaj
@Dennisaj 3 жыл бұрын
*"This is WHY voting is meaningless..."*
@deniselynn1260
@deniselynn1260 2 жыл бұрын
Excellent point and so true.
@axel3895
@axel3895 3 жыл бұрын
*Corruption
@ecognitio9605
@ecognitio9605 3 жыл бұрын
First World Version
@fierrect6089
@fierrect6089 3 жыл бұрын
Yeah pretty much
@lwglwglwg
@lwglwglwg 3 жыл бұрын
E Cognitio Legalized corruption.
@dailydissent6076
@dailydissent6076 3 жыл бұрын
Yes it is. Legal bribery by corporations. I detail this topic further on my channel, if you're interested. -Israel
@musafawundu6718
@musafawundu6718 2 жыл бұрын
I find it incredible that various federal, state, and local government departments and agencies are incapable of themselves providing the bulk of information that legislators need.
@ar4203
@ar4203 2 жыл бұрын
Well that doesn't make sense though, there are industries outside of goverment, actually every industry outside of goverment, who know more about their industry & interests than the government who is legislating on them- doctors know more about how a certain policy would affect their ability to do their jobs & positively or negatively impact public health & so forth than do federal state& local government departments, doctors in coties might have differnt perspectives from doctors in rural areas, you cant just assume that the government knows everything- THEY DONT, but that is the point of the right to petition the government/ special interst groups& lobbying etc, there are legitimate reasons that groups would want their voices& opinions to be heard when it comes to matters that concern them/ congress passing laws that effect them, but the problem is that the biggest corporations who have the most $& influence & the revolving door etc means that the voices of a small number overpower all else. There is a huge problem with the dark money & big money/ Corp money on politics- THATS the problem. Not lobbying in and of itself. As they said it's the big money that drowning the voices of everyone else. It's not the voices having a voice(I e the ability to lobby).
@cartergomez5390
@cartergomez5390 11 ай бұрын
I believe that the federal, state and local government can understand the information if professionals take the time to lobby and advocate. I'm going to do it!
@tylercoats1416
@tylercoats1416 8 ай бұрын
@@cartergomez5390 good luck getting a meeting.
@moodlampActual
@moodlampActual 3 жыл бұрын
"Oh it isn't just brining politicians" Idc if it isn't or not, it shouldn't be there in the first place!
@michaelheyn2484
@michaelheyn2484 2 жыл бұрын
Yeah, as in the politicians shouldn't be there.
@Drewteam88
@Drewteam88 2 жыл бұрын
Soaking them in a salt solution
@william_8844
@william_8844 3 жыл бұрын
Who knew lobbying is a profession 🤷‍♂️ I guess politics is a profession as well.
@vladimirseven777
@vladimirseven777 3 жыл бұрын
Oldest profession.
@WahyuSetiawan-sz4lc
@WahyuSetiawan-sz4lc 3 жыл бұрын
It was supposed to be a duty, not job
@sebas8225
@sebas8225 3 жыл бұрын
It´s the oldest con artist game, hold the monopoly of violence, tax your citizens (not the really rich ones) and tell them all that is for a good reason, promise them safety and security while eroding their freedoms, eventually a crisis hits and the poor majority gets nothing while the little minority gets all the benefits, disgusting zero sum game, should´ve been abolished and replaced with a better system a long time ago.
@JadedJassy21
@JadedJassy21 3 жыл бұрын
I love how this dude is swearing up a storm...he doesn't care.
@fredricklee
@fredricklee 3 жыл бұрын
JadedJassy21 He is straight up honest and unapologetic.
@whatever5922
@whatever5922 3 жыл бұрын
Lobbying is disgusting... if it didn’t exist we’d be much better off
@TheDoomWizard
@TheDoomWizard 3 жыл бұрын
Agreed. You are hot also. Go sub :)
@sebas8225
@sebas8225 3 жыл бұрын
Things would be amazing without Lobbying, for once Lawyers would have less power as they deserve.
@kenadams94
@kenadams94 3 жыл бұрын
@@TheDoomWizard bruh
@kenadams94
@kenadams94 3 жыл бұрын
@@sebas8225 I disagree. Alot.
@michaelsmith953
@michaelsmith953 3 жыл бұрын
awwe the poor girl at the end who doesnt realize she's being used
@skiddlydiddlydoo4893
@skiddlydiddlydoo4893 3 күн бұрын
No, she knows what's she doing.
@fakih121
@fakih121 3 жыл бұрын
Amazing levels of corruption in D.C.
@AdityaKashi
@AdityaKashi 3 жыл бұрын
I think the framers of the constitution understood that even though lobbying may be like corruption, there's no real way to stop the rich and powerful from trying to influence elected officials. If you ban lobbying, it'll just go under the table even more. In other countries where lobbying is illegal, do you think there's no corruption? I think the idea here is to not ban something that cannot be stopped, rather regulate and tame it as much as possible.
@donatehilltop
@donatehilltop 3 жыл бұрын
I always love the way you put together your b-roll shots (:
@nnannamba2643
@nnannamba2643 3 жыл бұрын
This video keeps saying "lobbying" while discussing "bribery"
@HarshRajAlwaysfree
@HarshRajAlwaysfree 3 жыл бұрын
If the groups who can afford lobbying for the help in pandemic maybe they are not the ones who actually need help
@shankems2000
@shankems2000 3 жыл бұрын
I like bearded cursing man. At least he's honest.
@dailydissent6076
@dailydissent6076 3 жыл бұрын
He's actually not. I break this down on my channel if you're interested. -Israel
@CCP-Lies
@CCP-Lies 2 жыл бұрын
Fun fact: cussing people is more honest than sweet people
@ratuls21
@ratuls21 3 жыл бұрын
I really want to know: Do other western country's corporate influences impact this much as America? Because all the bad stuff I hear about America seems to be influenced by the corporates, who even trigger wars for their interests. And these are those wars that began in the '70s when lobbying started to become a big thing.
@alexmir8942
@alexmir8942 Жыл бұрын
They do but the U.S. definitely has the worst when it comes to Corporate influence.
@colinguo5855
@colinguo5855 10 ай бұрын
South Korea: Am I a joke to you?
@BayBear71
@BayBear71 3 жыл бұрын
This is why the founding fathers placed so many restrictions on the constitution. They knew a powerful government could be bought by private interests and now it certainly has. Unfortunately the courts granted looser and looser restrictions starting with McCulloch v. Maryland over time and left us where we are today.
@Aaron-wq3jz
@Aaron-wq3jz 3 жыл бұрын
The founding father put a sort of fail safe in were if government got to messy the bureaucracy would slow everything to a crawl... that's what I see at least
@gdn8437
@gdn8437 3 жыл бұрын
"Get big money out of politics", pretty much sums it up
@loebie
@loebie 3 жыл бұрын
Great informative video, thanks!
@Charlie-zj3hw
@Charlie-zj3hw 3 жыл бұрын
Y'all should do a segment on how real estate is so overvalued
@daphnewilliams5312
@daphnewilliams5312 Жыл бұрын
Yeahhh seeing that the value of property goes up over time as the said property is aging over time. haahh
@zahirahmad488
@zahirahmad488 3 жыл бұрын
Outstanding video 10/10 A+
@geazy2738
@geazy2738 3 жыл бұрын
I'd like to say thank you one more time for english subtitles
@abddfa5234
@abddfa5234 Жыл бұрын
It’s the politician’s job and oath to listen to the people. Their constituents should not be paying their reps for them to listen to them. If anything, if lobbying is allowed, they should cap it.
@colinguo5855
@colinguo5855 11 ай бұрын
Just say the USA is an Democratic Oligrachy.
@72andystar
@72andystar 3 жыл бұрын
Great insight Tala! Super important topic, especially now with the elections coming up
@StrikeFirstFinance
@StrikeFirstFinance 3 жыл бұрын
Everything I know about lobbying came from a movie named “Thank You For Smoking”
@patoconnor9600
@patoconnor9600 3 жыл бұрын
At my private industry employer, I am not allowed to accept any gifts or favors over $50 from vendors or potential vendors as that is "unethical behavior" and I could be terminated as a result. But just last week, all employees were once again solicited to donate to my company's PAC... Things that make one go "Hmmmm..."
@rd9102
@rd9102 3 жыл бұрын
It's hard to imagine lobbying ever going away and even if it did "go away" it would really just morph because the reality is that people want access to power and there is no way to stop that. Where there is a will, there is a way.
@richcast66
@richcast66 Жыл бұрын
It's why we need to eliminate the human part of governance. No special interests, no perversion of law and order
@rd9102
@rd9102 Жыл бұрын
@@richcast66 LOL, good luck with that. Can't eliminate the human element, it's all about the humans.
@user-iz7fu2dp6q
@user-iz7fu2dp6q Жыл бұрын
@@richcast66 After 2 months you wrote this comment, does anything changed?
@epgui
@epgui 3 жыл бұрын
Lobbying seems like a great idea, the problem seems to be with how it's being done, ie.: the manner in which it is regulated. I propose to you that what we need is actually to increase the amount of overall lobbying, and to restrict the practice to academics and scientists.
@folumb
@folumb 3 жыл бұрын
In surgery, we have "lobbyists" too. They are sales reps/vendors. They come into our ORs and give us all the up to date information and specifications about THEIR product. They would never talk to us about another product, even if it were cheaper or objectively better. Does the best product get selected? No. The most outgoing, friendly and honestly prettiest (let's face it, most of us surgeons are middle aged white men) vendors get invited back to bring their products. They host rep dinners for our journal clubs at high end restaurants and clubs where we spend 20 minutes discussing a surgical paper and hours getting stuffed and drinking wine. I can imagine congressional lobbyist ranks are split between eye candy and soothsayers.
@TracksideViews
@TracksideViews 3 жыл бұрын
How else would you check into a hotel?
@thepro8447
@thepro8447 3 жыл бұрын
Bruh
@jurgenjurgen4052
@jurgenjurgen4052 3 жыл бұрын
Would have been nice to see some good examples for lobbying regulations 🤔
@Lastboyscout77
@Lastboyscout77 3 жыл бұрын
This was the most matter of fact and non biased story I think I’ve seen in years.
@mikebostic9518
@mikebostic9518 3 жыл бұрын
Not all lobbying is bad but there does need to be oversight over it including a limit on how much they can give to a presidential campaign.
@ozzyfromspace
@ozzyfromspace 3 жыл бұрын
My big issue with politics is that it’s based on the notion that if you can convince someone of something, you win. In a really forward-thinking data-driven system of leadership, it would quickly become apparent that lobbying is counterproductive. Think about it: you’ve got political science majors courting politicians and pulling the strings that will affect the future of American healthcare, technology innovation on the world stage, our national response to climate change, energy, physical and digital infrastructure, education, the debt crisis, etc. These are not the people that ought to be arguing for these things, one way or another. I’d rather a body of relevant engineers, for example, devise the nations energy strategy going forward, than a bunch of politicians and lobbyists that don’t really know what they’re talking about. But that doesn’t sound very democratic, because it’s not, so it gets shot down, and we continue to let the lobbyists run around playing “God meets Einstein”. This is the 21st century, and with all the data our societies are generating, surely we know better. We can do better.
@devinodlum3492
@devinodlum3492 3 жыл бұрын
It’s happening the Caribbean and Africa as well I’m from Antigua n it’s clear that only those with the money get to influence the policy makers one way or the other the poor man pay all the duties the while the rich get all duties off because they tip the politicians
@maxheadrom3088
@maxheadrom3088 3 жыл бұрын
Lobbying, or to be more precise, the Right to Petition, is really important. In Brazil, the citizens proposed a law that prohibits politicians with a second level conviction (1) to run for public office. The law passed because of a huge popular support at a time when congress was demoralized by corruption scandals. The problem starts when you can make a petition and offer a campaign contribution. In Brazil we are trying to outlaw campaign contributions and make campaigns 100% publicly funded. We had a huge step in that direction when contribution from corporations was outlawed. (1) In Brazil a convicted person has 3 levels of the Justice System for recourse and jury trials are only for crimes against life. The first level is a single judge, the 2nd is a collegiate (3 judges) and the current debate is around imprisonment after the 2nd level. The 3rd is a larger collegiate of senior judges and the 4th is the Supreme Justice Court (this is not a constitutional court - in Brazil that is the Supreme Federal Court). Most countries without universal jury trial - like in Europe - have only 3 levels with the 3rd having a restricted access (the judges have to accept the appeal). The 4 levels in Brazil create a situation where the poor go to jail right after the first level and the very rich never go to jail because the can delay the 4th level almost for as long as they need. Recently, Federal Judges and Prosecutors managed to jail important people convicted in the 2nd leve for corruption. The problem is that our constitution explicitly says "people will only be jail after all recourse have been used". The Supreme Court developed an argument that this could be understood as the 2nd level since this is the last level that evidence can be disputed ... but then some important people started to be jailed and one Judge had a sudden change of mind and voted against it. Wanna know the funny thing? This was to protect a left wing (so they claim to be) party and it's most popular leader, former president Luiz Inácio "Lula" da Silva. BTW, they even tried to overthrow the law I talked about in the first paragraph so Lula could run for president in 2018. Well ... populists will never call their party the Brazilian Populist Party, right? I really hope the US manages to remove private money from campaigns - like Biden said: "What makes us (the US) powerful is not the example of our power but the power of our example". You are the town on the top of the hill weather you like it or not so, please, own it!
@myideas7629
@myideas7629 3 жыл бұрын
Individualism,free thinking,innovation is must for a country to grow.
@Loganl1980
@Loganl1980 3 жыл бұрын
I would LOVE to hear that big ag lobbyist explain to me how promoting healthy families as a government should somehow DOESN'T equal promoting decentralization of our food supply infrastructure.
@benduncan4027
@benduncan4027 3 жыл бұрын
Most Americans don`t understand that if lobbying gets illegal then the real corruption will step in. Lobbying shouldn`t be deleted instead it should be made more useful to society for example if lobbying money went to pay for Medicare or other social programmes.
@Sendittothemoon
@Sendittothemoon 2 жыл бұрын
1:14 Lol I didn't know GypsyCrusader got into this kinda stuff after dressing up as the Joker
@SK-uu2fg
@SK-uu2fg 3 жыл бұрын
i dont think the problem is the lobbying, i think its the fact that lobbyists, mostly corporate, play a big part in fundraising. As many corporate lobbyists there are, there are also a lot of legit lobbying groups out there who advocate for many people's interests - like the AARP - beyond monetary greed. The reason why coporate lobbyists have become so prominent is due to fundraising, espeically after Citizens United.
@MrFanglin
@MrFanglin 3 жыл бұрын
The problem is politicians don’t understand the issues and don’t have time to know it. They need lobbyists to help them make decisions. Make huge sense. Remember the question google CEO was asked in congress: does google track my movement through my iPhone
@merrymachiavelli2041
@merrymachiavelli2041 3 жыл бұрын
Lobbyists don't have a vested interest in crafting good policy - they have a vested interest in achieving corporate goals. Sometimes that might result in a decent proposition, but often it will not, when one of the prime functions of government is to protect individuals from exploitation and gross harm. - Even if you hate politicians - lobbyists (especially corporate ones) don't help. There are public policy experts who aren't getting paid by big business in almost any field you care to name - incorporate _them_ into policy discussions
@existential_
@existential_ 3 жыл бұрын
People with power and money just make whatever rules they want amongst each other to get and make more power and money... For example with the banks and mortgages... why are they compounded interest? Can I get paid compounded as well? Why are there collateral mortgages now, that penalize you for shopping around even when your term/contract is over?
@nadiabk304
@nadiabk304 3 жыл бұрын
wait so the "donate" to the campaign so that their bill is supported? how does that benefit them and how do they make money
@michaelmassajr.9996
@michaelmassajr.9996 2 жыл бұрын
6:29 'We saw that people began demanding good living conditions and for businesses to be regulated so we stamped that out with corporate lobbying'
@forestpark73
@forestpark73 3 жыл бұрын
Lobbying is a fancy term for “opportunity sales.”
@Tonis197
@Tonis197 3 жыл бұрын
lol anyone with a brain is against lobbying and yet it’s still allowed
@geraldmaxwell3277
@geraldmaxwell3277 3 жыл бұрын
The sad and irritating part is that BOTH parties just love that lobbying cash !! And in the end, many members of congress join those very same lobbying groups when they are ousted out of power. In fact, many lobbying firms basically buy many congressmen and women in this manner, on both sides.
@twelvemast
@twelvemast 3 жыл бұрын
That's just like what's been told by Jane Mayer in her book 'Dark money'
@racheller8753
@racheller8753 3 жыл бұрын
What did he mean by Google is up ? 11 min 50 ish seconds in?? Thanks✌🏼
@danielholland4520
@danielholland4520 Жыл бұрын
The last line is pretty telling: "we 'generally' try to do our jobs well and responsibly". Not always... just, you know, generally...
@SequoiaElisabeth
@SequoiaElisabeth 3 жыл бұрын
Thoughtful and informative reporting CNBC. Some of your better work of late. As per usual it is the few bad seeds who spoil the crop.
@noahcorcoran3263
@noahcorcoran3263 3 жыл бұрын
Agreed! I staunchly support the constitutionally-protected right of lobbying, but I believe (as in any profession) there are many bad actors.
@chrisonlocationtx
@chrisonlocationtx 3 жыл бұрын
When your family says, “oh not you........” it’s you.
@oldschool1079
@oldschool1079 3 жыл бұрын
Go watch the movie Casino Jack (2010) , a pretty accurate representation of lobbying in practice.
@tubertalks4480
@tubertalks4480 3 жыл бұрын
CNBC, I think your video-editing intern forgot to add the Curb Your Meme Music for this video
@geekmeee
@geekmeee 9 ай бұрын
Jesus really hit it out the ballpark when he gave us the analogy of a camel passing through the eye of a needle 🪡
@daviel
@daviel 3 жыл бұрын
Besides used for funding campaigns and advertising, where did the rest of the cake go? I hope Marci sees my question, you said you wanted to help make lives better for the people. How successful or what progress have you made?
@neilazeez101
@neilazeez101 Жыл бұрын
Amazing video
@gcb345
@gcb345 3 жыл бұрын
@5:30 KellyAnne Conway. "I think Americans responded to someone who goes to Washington owing no one anything." Not according to the latest New York Times. That comment aged well. LOL!
@thedebatehitman
@thedebatehitman 3 жыл бұрын
8:53 I don’t like seeing Bernie’s name there. Will any of you provide further context? I get that contributions are attributed to an employer or industry (for example, a security guard working at Google will have his or her donation appear as having come from Google), but I’m not cool with Amazon lobbying Bernie (or any other politician, for that matter).
@ezioaltairac
@ezioaltairac 3 жыл бұрын
He’s the one guy who got them to pay warehouse employees $15/hr nationwide. That money they throw at him is most likely there to make him more quiet about other initiatives, like their biggest fear of unionization.
@thedebatehitman
@thedebatehitman 3 жыл бұрын
@@ezioaltairac But accepting corporate lobbying money? That’s not cool. I love Bernie, but I’ll have to turn on pull back on some of my support if he’s willing to dabble in that crap.
@ezioaltairac
@ezioaltairac 3 жыл бұрын
@@thedebatehitman Yeah I agree with you there. I did read somewhere (either NPR or Reuters) that the money he got from Amazon was tied to promotions and sales of his new books. Because it’s out-of-place that the poorest senator that gets near least corporate money suddenly surged to the top after a 30+ year career in politics.
@phoenix5054
@phoenix5054 3 жыл бұрын
Ironically, lobbying was meant to be a democratic tool to protect diverse interests.
@johnl.7754
@johnl.7754 3 жыл бұрын
For a USA 20 trillion dollar plus economy $3.5 Billion is not a lot. It is a lot more feasible than direct bribing.
@Aaron-wq3jz
@Aaron-wq3jz 3 жыл бұрын
Very true but that money is being split up to buy a relatively small number of people
@georgebrantley776
@georgebrantley776 3 жыл бұрын
@@Aaron-wq3jz Indeed. There are about 9000 state-level or above legislators, department heads, governors, etc in the USA. The entirety of government leadership is actually not that many people. $3.5B is enough to --pay every single one of them $350k a year-- donate $350k a year to their election campaigns while in office
@firulamry
@firulamry 3 жыл бұрын
Thats a very elaborate way to explain lobbyist is a BRIDE
@user-wn3zi7bd4x
@user-wn3zi7bd4x 2 ай бұрын
interviews people where their main job is to be a lobbyist "obvious its not corruption or is giving lawmakers money corruption. It just shows what the majority of people have in their interest and not a company's also" it is not illegal, it has been apporved by the judical and congressional branches"... you know the branches that receive the most money.
@eternalnoob9708
@eternalnoob9708 8 ай бұрын
Since this video is here, I am positive it is common knowledge that Special Interest really means Corporate Self Interest. Of course this has created the long lasting conflict of interest between the Commonwealth and Privatized Business. The question is: How to change the purpose of, without changing the pieces? Redefine Special Interest, and make them pick the National Interest they want to Represent. Hunger? Homelessness? Poverty? Wage Disparity? etc. etc. This way, lobbyist still have a job, with a better focus as will out of office Representatives. And EVERYONE will be trying to make the US and it's Citizens stronger, together.
@user-sg6ce3tx7s
@user-sg6ce3tx7s 24 күн бұрын
What are receipts data and money trails??????
@ristekostadinov2820
@ristekostadinov2820 3 жыл бұрын
Before lobbying grew up in lucrative business, corporations were sued for anti trust or other monopoly. Now everything is fine :)
@HolloMatlala1
@HolloMatlala1 5 ай бұрын
#ESG and future #PPP deals will heavily rely on lobbyist's Morals and Principles....#ESG Reports will help inform many politicians on Good and Bad Legislative options to pursue regarding sustainability Companies
@sasshole8121
@sasshole8121 3 жыл бұрын
Marcie McSwane's arguments are very flimsy. She argued: _"Businesses are good for the public. They're good for economies. I think it's OK to want a business to be successful. That's why you do it. Discussing those things is important to take to the Hill. It's important for elected officials to how it will impact businesses, even if it is individually"_ I don't see businesses spending billions of dollars to raise the minimum wage or to increase regulations or to protect consumers from their own unfair practices. They are using that money to essentially bribe politicians to make sure that the laws benefit them so they can increase profits for the few by exploiting the American public.
@racheller8753
@racheller8753 3 жыл бұрын
I believe this is what we're being distracted from with some of the chaos in the world! My most intelligent friend didn't know about lobbyist being so involved or a teacher friend!! THEY SAID THE CANDIDATES DON'T 22 PAY ATTENTION TO ALL THE LAWS ??!!
@howisitgoin4267
@howisitgoin4267 2 жыл бұрын
Imagine if half the people in our country who watch TV, go to work, buy gasoline, booze, cigarettes, lottery tickets, ate at restaurants, all off the sudden didn't do any of the above for 3 weeks, would that be a game changer.
@MrNote-lz7lh
@MrNote-lz7lh 2 жыл бұрын
Yep. It certainly would be. So much so that the entirety of the US would collapse, and millions would die. China and Russia will definitely be happy about it though.
@nicholashildenbrand8632
@nicholashildenbrand8632 3 жыл бұрын
You can see some people are in denial that they could be a detriment to our democracy and others acknowledge that the system isn't perfect but that they really believe in what they're doing. However, so long as it takes is a 15k donation to get to speak to a senator then average person can't afford their time. In that way whether it's protected or not by the Constitution its in clear need of reform or more stringent oversight. Tldr - Lobbying makes sense in theory but in modern times it causes more distortion than anything else.
@mylifeisamememylifeispathe3140
@mylifeisamememylifeispathe3140 3 жыл бұрын
Sometimes lobbying is good most of the time it's for profit 😂😂😂 Like the border wall it's not bc of immigration it's because of money and the maintenance
@WoodheadM
@WoodheadM 3 жыл бұрын
It's probably one of those necessary and unavoidable evils. People will do whatever they can to influence the rules in their favor. Doesn't mean you're going to change my mind that this is not an evil profession.
@kenadams94
@kenadams94 3 жыл бұрын
Lobbying is one of the most misunderstood practices in the United States. They should really teach people more about it in schools.
@bernl178
@bernl178 9 ай бұрын
OK now I’m convinced Paul Miller is actually promoting lobbyist. Says a lot for the laws.
@funnyruthschild3913
@funnyruthschild3913 3 жыл бұрын
Money more than everything
@FinancialShinanigan
@FinancialShinanigan 3 жыл бұрын
More importantly, why do filibuster exists?
@KevinSmith-qi5yn
@KevinSmith-qi5yn 3 жыл бұрын
So eugenics doesn't become a thing.
@ashrafulhoque2068
@ashrafulhoque2068 3 жыл бұрын
Financial Shinanigan just imagine, one party gains a majority and passes whatever vote they want because they can
@georgebrantley776
@georgebrantley776 3 жыл бұрын
@@ashrafulhoque2068 That is what happens regardless of whether or not there is a filibuster. The Senate can easily end the filibuster if they want to ("nuclear option"). The only thing keeping them from doing that is fear of retaliation down the road when they one day hecome the minority. Fear of retaliation keeps a majority in check, nothing more.
@MrHoustonmichael
@MrHoustonmichael 3 жыл бұрын
Replace welfare with labor units of tech/ ai, machines representing each person in their workforce instead of using people up in factories etc
@kliudrsfhlih
@kliudrsfhlih 3 жыл бұрын
They should also mention how corporate media is deeply related and intertwined with that corruption system, but since it is corporate media who made the video...
@ask_why000
@ask_why000 3 жыл бұрын
When is the last time a CEO want to prison...?
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