I'm skeptical that companies can reliably buy outcomes simply by lobbying, because lobbying is so darn cheap.
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but if it had no effect it wouldn’t happen… So, clearly something is missing from your model
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Right, so its effectiveness is around that of similar spends, like the Christmas party or the nice chair budget for Dublin office.
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Stage one is to regulate at all. In Google's world, relatively little regulation to leverage. Net neutrality should be a foothold.
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First Google hit. Dollars follow the regulation: https://www.opensecrets.org/lobby/top.php?indexType=I … No coincidence that most regulated are most lobbied.
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Thought: lobbying is effective, just not for everything, and especially not for anything in the public's eye (i.e. NIMBYs).
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Would be fun to discuss over a glass of Yamazaki. Regulatory capture is super opaque—first there has to be regulation to capture.
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similarly, studies of campaign contributions find givers are *not* getting their money's worth: http://marginalrevolution.com/marginalrevolution/2012/02/why-is-there-so-little-money-in-politics.html …
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