Search results for: the-business-of-america-is-lobbying

The Business of America is Lobbying

Author : Lee Drutman
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Corporate lobbyists are everywhere in Washington. Of the 100 organizations that spend the most on lobbying, 95 represent business. The largest companies now have upwards of 100 lobbyists representing them. How did American businesses become so invested in politics? And what does all their money buy? Drawing on extensive data and original interviews with corporate lobbyists, The Business of America is Lobbying provides a fascinating and detailed picture of what corporations do in Washington, why they do it, and why it matters. Prior to the 1970s, very few corporations had Washington offices. But a wave of new government regulations and declining economic conditions mobilized business leaders. Companies developed new political capacities, and managers soon began to see public policy as an opportunity, not just a threat. Ever since, corporate lobbying has become increasingly more pervasive, more proactive, and more particularistic. Lee Drutman argues that lobbyists drove this development, helping managers to see why politics mattered, and how proactive and aggressive engagement could help companies' bottom lines. All this lobbying doesn't guarantee influence. Politics is a messy and unpredictable bazaar, and it is more competitive than ever. But the growth of lobbying has driven several important changes that make business more powerful. The status quo is harder to dislodge; policy is more complex; and, as Congress increasingly becomes a farm league for K Street, more and more of Washington's policy expertise now resides in the private sector. These and other changes increasingly raise the costs of effective lobbying to a level only businesses can typically afford. Lively and engaging, rigorous and nuanced, The Business of America is Lobbying will change how we think about lobbying-and how we might reform it.

The Business of America is Lobbying

Author : Lee Drutman
File Size : 68.32 MB
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Why does corporate lobbying in Washington, DC continue to expand, year after year? What are companies lobbying for, and why? And what, if anything, can the patterns of activity tell us about both the impact corporate lobbying is having and the ways in which the political economy of the United States is changing? I argue that the modern growth of corporate lobbying reflects a path-dependent learning process. Companies may come to Washington for many different reasons, but the act of establishing an office sets in motion several reinforcing processes that make companies value lobbying more and more over time and that lead companies to become more proactive in their political strategies. Lobbyists teach managers about the importance of being politically active and help to point out (and sometimes even create) new opportunities for lobbying. Managers gain more comfort and confidence in their ability to influence outcomes, and they start to see participation as both more appropriate and more valuable. Success breeds success. The overall effect is that American businesses, once skeptical of government, cautious about getting involved in politics, and reactive in their strategies, have now become increasingly confident, proactive, and aggressive in their lobbying efforts, and businesses are increasingly seeing government policy as not just a threat, but also as a tool. More and more companies are discovering that Washington matters to their business, and those who do are sticking around and increasing their political capacities. As a result, corporate lobbying activity is likely to continue to expand for the foreseeable future, with large corporations playing an increasingly central role in the formulation of national policies. My findings are based on original interviews with 60 corporate and trade association lobbyists and complete lobbying histories of every company in the S & P 500 between1981 and 2005. This dissertation combines both rich qualitative descriptions and rigorous large-N data analysis.

The Business of America is Lobbying

Author : Lee Drutman
File Size : 27.25 MB
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Corporate lobbyists are everywhere in Washington. Of the 100 organizations that spend the most on lobbying, 95 represent business. The largest companies now have upwards of 100 lobbyists representing them. How did American businesses become so invested in politics? And what does all their money buy? Drawing on extensive data and original interviews with corporate lobbyists, The Business of America is Lobbying provides a fascinating and detailed picture of what corporations do in Washington, why they do it, and why it matters. Prior to the 1970s, very few corporations had Washington offices. But a wave of new government regulations and declining economic conditions mobilized business leaders. Companies developed new political capacities, and managers soon began to see public policy as an opportunity, not just a threat. Ever since, corporate lobbying has become increasingly more pervasive, more proactive, and more particularistic. Lee Drutman argues that lobbyists drove this development, helping managers to see why politics mattered, and how proactive and aggressive engagement could help companies' bottom lines. All this lobbying doesn't guarantee influence. Politics is a messy and unpredictable bazaar, and it is more competitive than ever. But the growth of lobbying has driven several important changes that make business more powerful. The status quo is harder to dislodge; policy is more complex; and, as Congress increasingly becomes a farm league for K Street, more and more of Washington's policy expertise now resides in the private sector. These and other changes increasingly raise the costs of effective lobbying to a level only businesses can typically afford. Lively and engaging, rigorous and nuanced, The Business of America is Lobbying will change how we think about lobbying-and how we might reform it.

Lobbying America

Author : Benjamin C. Waterhouse
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Lobbying America tells the story of the political mobilization of American business in the 1970s and 1980s. Benjamin Waterhouse traces the rise and ultimate fragmentation of a broad-based effort to unify the business community and promote a fiscally conservative, antiregulatory, and market-oriented policy agenda to Congress and the country at large. Arguing that business's political involvement was historically distinctive during this period, Waterhouse illustrates the changing power and goals of America's top corporate leaders. Examining the rise of the Business Roundtable and the revitalization of older business associations such as the National Association of Manufacturers and the U.S. Chamber of Commerce, Waterhouse takes readers inside the mind-set of the powerful CEOs who responded to the crises of inflation, recession, and declining industrial productivity by organizing an effective and disciplined lobbying force. By the mid-1970s, that coalition transformed the economic power of the capitalist class into a broad-reaching political movement with real policy consequences. Ironically, the cohesion that characterized organized business failed to survive the ascent of conservative politics during the 1980s, and many of the coalition's top goals on regulatory and fiscal policies remained unfulfilled. The industrial CEOs who fancied themselves the "voice of business" found themselves one voice among many vying for influence in an increasingly turbulent and unsettled economic landscape. Complicating assumptions that wealthy business leaders naturally get their way in Washington, Lobbying America shows how economic and political powers interact in the American democratic system.

Fluctuating Fortunes

Author : David Vogel
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The dynamics of business-government relations in the United States between 1960 and 1988.

Breaking the Two Party Doom Loop

Author : Lee Drutman
File Size : 39.47 MB
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American democracy is at an impasse. After years of zero-sum partisan trench warfare, our political institutions are deteriorating. Our norms are collapsing. Democrats and Republicans no longer merely argue; they cut off contact with each other. In short, the two-party system is breaking our democracy, and driving us all crazy. Deftly weaving together history, democratic theory, and cutting edge political science research, Drutman tells the story of how American politics became so toxic, why the country is trapped in a doom loop of escalating two-party warfare, and why it is destroying the shared sense of fairness and legitimacy on which democracy depends. He argues that the only way out is to have more partisanship-more parties, to short-circuit the zero-sum nature of binary partisan conflict. American democracy was once stable because the two parties held within them multiple factions, which made it possible to assemble flexible majorities and kept the temperature of political combat from overheating. But as conservative Southern Democrats and liberal Northeastern Republicans disappeared, partisan conflict flattened and pulled apart. Once the parties fully separated, toxic partisanship took over. With the two parties divided over competing visions of national identity, Democrats and Republicans no longer see each other as opponents, but as enemies. And the more the conflict escalates, the shakier our democracy feels. Breaking the Two-Party Doom Loop makes a compelling case for large scale electoral reform-importantly, reform not requiring a constitutional amendment-that would give America more parties, making American democracy more representative, more responsive, and ultimately more stable.

Summary Analysis Review of George Packer s The Unwinding by Instaread

Author : Instaread
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The Land of Enterprise

Author : Benjamin C. Waterhouse
File Size : 23.65 MB
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This groundbreaking account of the development of American business from the colonial period to the present explains that the history of the United States can best be understood not as a search for freedom—but as a search for wealth and prosperity. The Land of Enterprise charts the development of American business from the colonial period to the present. It explores the nation’s evolving economic, social, and political landscape by examining how different types of enterprising activities rose and fell, how new labor and production technologies supplanted old ones—and at what costs—and how Americans of all stripes responded to the tumultuous world of business. In particular, historian Benjamin Waterhouse highlights the changes in business practices, the development of different industries and sectors, and the complex relationship between business and national politics. From executives and bankers to farmers and sailors, from union leaders to politicians to slaves, business history is American history, and Waterhouse pays tribute to the unnamed millions who traded their labor (sometimes by choice, often not) or decided what products to consume (sometimes informed, often not). Their story includes those who fought against what they saw as an oppressive system of exploitation as well as those who defended free markets from any outside intervention. The Land of Enterprise is not only a comprehensive look into our past achievements, but offers clues as to how to confront the challenges of today’s world: globalization, income inequality, and technological change.

Bank Lobbying Regulatory Capture and Beyond

Author : Ms.Deniz O Igan
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In this paper, we discuss whether and how bank lobbying can lead to regulatory capture and have real consequences through an overview of the motivations behind bank lobbying and of recent empirical evidence on the subject. Overall, the findings are consistent with regulatory capture, which lessens the support for tighter rules and enforcement. This in turn allows riskier practices and worse economic outcomes. The evidence provides insights into how the rising political power of banks in the early 2000s propelled the financial system and the economy into crisis. While these findings should not be interpreted as a call for an outright ban of lobbying, they point in the direction of a need for rethinking the framework governing interactions between regulators and banks. Enhanced transparency of regulatory decisions as well as strenghtened checks and balances within the decision-making process would go in this direction.

Breaking the Two Party Doom Loop

Author : Lee Drutman
File Size : 69.32 MB
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American democracy is in crisis, but nobody seems to know what to do about it. Breaking the Two-Party Doom Loop offers a big and bold plan. The true crisis of American democracy is that two parties are too few. Deftly weaving together history, theory and political science research, Drutman shows the only to break the binary, zero-sum toxic partisanship is to break it apart. America needs more partisanship, rather than less, but in the form of more parties.In this wide-ranging, learned, but highly accessible book, Drutman charts an exciting path forward that might just save the country.