What is the impact of political lobbying on regulation? 🔊
The impact of political lobbying on regulation is substantial, as interest groups actively seek to influence policymakers to align decisions with their objectives. While lobbying can provide valuable information and perspectives to legislators, it also raises concerns about transparency and fairness, especially when disproportionately favored industries gain undue influence. Effective regulation of lobbying activities, including disclosure requirements and limits on campaign contributions, is critical to ensuring a level playing field in the political process. Balancing interests promotes democratic integrity and protects the public interest against potential abuses.
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