A fresh study backed by stout commerce argues that lobbying is harming the American economy – and proposes regulation to address the problem
Political corruption is eating our democracy out from the inside. Most Americans know that. But democratic and economic health can’t be easily disentangled. As it diminishes our public sphere and drowns out the myriad (a very large number) of citizen voices,it also sucks the energy and vitality from our economy. This causes pain to commerce owners.
According to a recent report from the Committee on Economic Development, an old, and white-shoe non-partisan organization that came out of the aftermath of World War II (and was a booster for the Marshall Plan),the United States economy is increasingly represented by crony capitalism, not competitive capitalism.
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Source: theguardian.com