Revolving Doors Industry: How Corporations and Government Influence Each Other In Market

As large multinational corporations continue to grow in economic and political influence worldwide, they have increasingly been able to shape government policies and regulations in ways that directly benefit their own business interests. This phenomenon, known as regulatory capture, occurs when corporations are able to influence political decision making and gain favorable treatment from the very regulators that are supposed to restrict their behavior for the good of the public. Major industries like oil, banking, pharmaceuticals, and technology have spent heavily on lobbying politicians and writing legislative wishes lists that often get passed wholesale into law with little opposition.

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