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by elefanten 1789 days ago
What examples do you have of this "indirect parliament" effect?

Yes various interests lobby the government all the time. But what are the best/clearest examples of the market tail wagging the policy dog?.

2 comments

There's a whole host of examples. Pretty much anything that asks the government to accept risk or loss of a company but doesn't share profits are good examples.

Net neutrality is a great example. Paying telecoms to build infrastructure that they don't build and just pocket. The case in Ohio recently where their energy company bribed officials to give them a 1 billion dollar bail out.

Another is any regulation that's not done for the greater good. Like in my state you have to be a licensed bartender and have graduated from a bartending school. Guess who pushed for that requirement? It wasn't the public.

Insert here any president boasting about the Dow Jones hitting a new high while they're in office