How Lobbying Became A 3.5 Billion Industry
October 3, 2020
Lobbying is a huge industry in the U.S. In 2019, around 12,000 registered professionals helped clients spend over $3.5 billion, which seems to pay off. According to one study, for every dollar spent on lobbying and campaign contributions, a corporation can receive up to $760 from the government. Still, lobbying is often criticized and public perception of the practice is low. Opponents say that the industry isn’t adequately regulated, and that the ability to influence policy is in the favor of those with unlimited financial resources. Supporters say that without their in-depth expertise, lawmakers wouldn’t be able to do their job effectively and efficiently. Watch the video above to understand how lobbying works, why it exists and how it became a powerful tool for businesses.
» Subscribe to CNBC: https://cnb.cx/SubscribeCNBC
» Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision
» Subscribe to CNBC Classic: https://cnb.cx/SubscribeCNBCclassic
About CNBC: From ‘Wall Street’ to ‘Main Street’ to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more.
Connect with CNBC News Online
Get the latest news: https://www.cnbc.com/
Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC
Follow CNBC News on Facebook: https://cnb.cx/LikeCNBC
Follow CNBC News on Twitter: https://cnb.cx/FollowCNBC
Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC
Subscribe to CNB…
The post How Lobbying Became A 3.5 Billion Industry appeared first on CNBC Africa.
Source : African Media Agency (AMA)
Nkemnji Global Tech
Featured
Sierra Leone:TRC Report Recommends New Constitution
Pan African Visions | January 22, 2021 6:24 am
Delay on Court trials still a challenge in Sierra Leone
Pan African Visions | January 22, 2021 6:11 am
The African Continental Free Trade Area (AfCFTA): Future of Sports and Entertainment in an Economically United Africa
Pan African Visions | January 22, 2021 4:46 am
Zambia:FQM’S CONSERVATION FARMING PROJECT WINS KUDOS FROM CHIEF MUMENA
Pan African Visions | January 22, 2021 4:21 am
Recent News
-
Sierra Leone:TRC Report Recommends New Constitution
January 22, 2021 6:24 am
-
Delay on Court trials still a challenge in Sierra Leone
January 22, 2021 6:11 am
-
Backlash as Malawi seals schools for three weeks
January 22, 2021 5:35 am
-
European Union may train Mozambican military to fight agaist terrorists in Cabo Delgado
January 22, 2021 5:22 am
-
No PPEs as Ghana re-opens schools amid surge in covid-19 cases.
January 22, 2021 5:14 am
Leave a Reply