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Lobbying is a form of advocacy, which lawfully attempts to directly influence legislators or government officials, such as regulatory agencies or judiciary. [1] Lobbying, which usually involves direct, face-to-face contact in cooperation with support staff that may not meet directly face-to-face, is done by many types of people, associations and organized groups, including individuals on a ...
Lobbying depends on cultivating personal relationships over many years. Photo: Lobbyist Tony Podesta (left) with former Senator Kay Hagan (center) and her husband.. Generally, lobbyists focus on trying to persuade decision-makers: Congress, executive branch agencies such as the Treasury Department and the Securities and Exchange Commission, [16] the Supreme Court, [17] and state governments ...
Oligarchy (from Ancient Greek ὀλιγαρχία (oligarkhía) 'rule by few'; from ὀλίγος (olígos) 'few' and ἄρχω (árkhō) 'to rule, command') [ 1][ 2][ 3] is a conceptual form of power structure in which power rests with a small number of people. These people may or may not be distinguished by one or several characteristics ...
The history of lobbying in the United States is a chronicle of the rise of paid advocacy generally by special interests seeking favor in lawmaking bodies such as the United States Congress. Lobbying has usually been understood as activity by paid professionals to try to influence key legislators and executives, which is different from the right ...
A mixed economy is an economic system that accepts both private businesses and nationalized government services, like public utilities, safety, military, welfare, and education. A mixed economy also promotes some form of regulation to protect the public, the environment, or the interests of the state. This is in contrast to a laissez faire ...
Rent-seeking is an attempt to obtain economic rent (i.e., the portion of income paid to a factor of production in excess of what is needed to keep it employed in its current use) by manipulating the social or political environment in which economic activities occur, rather than by creating new wealth.
A trade association, also known as an industry trade group, business association, sector association or industry body, is an organization founded and funded by businesses that operate in a specific industry. Through collaboration between companies within a sector, a trade association participates in public relations activities such as ...
The banking lobby refers to the representatives from various firms and organizations seeking favorable terms from governments for big banks and other financial service companies through lobbying and advocacy groups. The banking lobby generally opposes stricter government regulation of financial markets while tending to stress the importance of ...