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Since it's a commonly-held sentiment that politicians and the laws they make are bought and paid for, I don't understand why some of the shockingly wealthy VC firms don't start buying up their own lobbyists. Surely it would make business sense for them to purchase laws in favor of internet openness?

While the media corporations are throwing buckets of cash at our lawmakers, the best that wealthy VC firms ($13B wealthy!) can come up with is a strongly-worded letter? Am I just misinformed, or being overly cynical?




The strongly worded letter is more to rally support from us, "The People", so we can be used as a secondary stick with which to threaten legislators.

Legislators like money, but they like votes more.

I'm sure the VC industry has its own lobbyists, but those as always have to work behind the scenes to avoid being accused of buying politicians.


I sometimes think that...

Then I remember why corruption isn't good for business.

1) A corrupt rent seeking company that depends on the government makes huge profits and has lobbying as a necessary expense in this process. Companies in competitive industries would have a hard time matching those money levels even if the industry itself was larger and created more jobs.

2) The corruption of the current US government is not simply on the level of buying people but rather based on the "revolving door" - congress people become lobbyists become industry executives become regulators etc. This system, again, benefits the most concentrated, rent-seeking companies/industries which depend on the government long-term (defense, health, etc, etc). These have the lifetime jobs available and have been milking this approach for ... a lifetime.

So a government up for bid is definitely a bad government, no escaping it.


I still remember reading about how the Google vs telco lobbying on net neutrality turned into a mess.


> Since it's a commonly-held sentiment that politicians and the laws they make are bought and paid for, I don't understand why some of the shockingly wealthy VC firms don't start buying up their own lobbyists.

What makes you think that they haven't? Seriously - look at how the the govt incentives for "green energy" line up with VC investments. Which way do you think that the causality runs?

WRT "internet openness", VCs don't capture as much of the benefit from buying legislators so they don't bother.

VCs try very hard to be rational about money.


The firms manage $13B. That's very, very different from being able to spend any of that money on ongoing expenses.

(Yes, they already take management fees, but lobbying would have to be paid out of these fees, not on top of it).




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