How do financial incentives affect political lobbying? 🔊
Financial incentives have a significant impact on political lobbying. Lobbyists often provide monetary support to politicians in exchange for favorable policies or legislation. This relationship can lead to corruption or undue influence, where financial contributions skew the political process towards the interests of wealthy individuals or corporations rather than the wider public. As a result, policies may prioritize private sector interests over public good, leading to legislation that favors specific groups rather than addressing broader societal needs. Such practices can erode trust in the political system and diminish democratic accountability.


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