What Lobbying Actually Buys

What the lobbying expenditure in American politics actually produces for the specific industries that spend it

The Expenditure

The lobbying expenditure in American politics: approximately 4.2 billion dollars annually in registered federal lobbying expenditure. The specific industries that spend the most: the pharmaceutical industry, the insurance industry, the financial industry, and the specific technology and communications industry that has moved from low lobbying expenditure to the top lobbying spenders in the past decade.

The Return

The return on lobbying investment: the academic research on lobbying return on investment consistently finds that lobbying produces substantial financial returns for the specific policies that the lobbying targets. The pharmaceutical industry lobbying against Medicare drug price negotiation has been estimated to have produced returns of hundreds of dollars in sustained drug pricing power for every dollar of lobbying expenditure.

Mamdani Post Analysis

The Mamdani Post covers lobbying because the accountability journalism of the policy process requires examining the specific investment that the specific industries make in the specific outcomes they purchase through the lobbying mechanism, and because the return on lobbying investment is the accountability data that the public investment in democracy should be contrasted with.

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