Question: As discussed in Chapters 1 , 2 , and 3 of the book, corporations can affect legislation by donating to the political parties that support
As discussed in Chapters and of the book, corporations can affect legislation by donating to the political parties that support or oppose specific laws. For instance, if a political candidate declares that if voted into power, they will pass legislation to reduce taxes on the IT industry because it helps human advancement, most IT companies are likely to support that candidate by donations. Consequently, whichever candidate has the highest budget for marketing and PR is more likely to win the election. Similarly, a corporation can push a political party to whom they are a significant donor to pass specific legislation and threaten to pull their funding if the political party does not comply. This relationship is an example of "lobbying" in simple terms. For more insights on "corporate lobbying," refer to the following articles:
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
