Example: Google spent $18 million federal lobbying. If you can achieve anything in Congress for that... you should, like, buy SFBA, right?
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"What's it cost to get root on the SF building commission?" "$650k." "THEIR INCOMPETENCE COSTS US BILLIONS A YEAR. BUY THEM OFF TODAY."
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lobbying is just a part of regulatory capture. You need to add campaign contributions, revolving door of staff, think tank funding…
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there's probably a good probability model in there, where the money is paying for better odds.
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Some research on the topic: http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1375082 …
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I too thought of that when I saw how relatively little business's spend on lobbying.
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The trick is buying outcomes without an organized opposition. Look at Intuit and tax filing complexity.
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It's not just about outcomes, it's about framing. If your haven't read it, Lessig's "Republic Lost" covers this well.
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they can mostly just preserve the status quo http://lukemuehlhauser.com/key-lessons-from-lobbying-and-policy-change/ …
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