Corporate influence distorts regulation from "summary" of The Future of Ideas by Lawrence Lessig
The influence of corporations on regulation has the potential to distort the regulatory process, leading to outcomes that prioritize the interests of corporate entities over the public good. When corporations wield significant power and resources, they are able to exert undue influence on the regulatory process, shaping laws and policies to benefit their own interests. This distortion can manifest in various ways, such as through lobbying efforts, campaign contributions, or the revolving door between industry and government. Corporate interests can sway decision-makers by providing financial support or other incentives, leading to regulations that are biased in favor of the corporations rather than the public. As a result of this influence, regulations may be weakened, loopholes may be exploited, or enforcement may be lax, all to the benefit of corporations at the expense of consumers, workers, and the environment. The ...
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