The Economics Behind Lobbying Explained in One Minute: From Meaning/Definition to Examples
Few things are more controversial than lobbying in the world of economics, politics and so on.
Some people believe lobbying is a perfectly reasonable alternative to corruption, because at least you have a (somewhat) transparent framework when it comes to various entities trying to promote whichever agendas they have in mind.
Other folks, however, believe "lobbying" is a word that needs to be eliminated from the dictionary and that everything about the practice is deeply unethical. Who is right? Or perhaps this is one of those situations where the truth is somewhere in the middle?
Let's find out.
In one minute, lobbying has been explained in a fairly thorough manner. You'll find out what the definition of "lobbying" is (the meaning of the term) and what the concept is all about, through (among other things) carefully-chosen examples.
At the end of the day, you could spend ten hours watching an exhaustive lobbying explanation but... frankly, one minute is more than enough for it to become crystal clear what it's all about and what you need to know about the lobby "phenomenon" :)
To support the channel, give me a minute (see what I did there?) of your time by visiting OneMinuteEconomics.com and reading my message.
Bitcoin donations can be sent to 1AFYgM8Cmiiu5HjcXaP5aS1fEBJ5n3VDck and PayPal donations to oneminuteeconomics@gmail.com, any and all support is greatly appreciated!
Oh and I've also started playing around with Patreon, my link is:
/ oneminuteeconomics
Interested in reading a good book?
My first book, Wealth Management 2.0 (through which I do my best to help people manage their wealth properly, whether we're talking about someone who has a huge amount of money at his disposal or someone who is still living paycheck to paycheck), can be bought using the links below:
Amazon - www.amazon.com/Wealth-Managem...
Barnes & Noble - www.barnesandnoble.com/w/wealt...
iBooks (Apple) - itun.es/us/wYSveb.l
Kobo - store.kobobooks.com/en-us/ebo...
My second book, the Wall Street Journal and USA Today bestseller The Age of Anomaly (through which I help people prepare for financial calamities and become more financially resilient in general), can be bought using the links below.
Amazon - www.amazon.com/Age-Anomaly-Sp...
Barnes & Noble - www.barnesandnoble.com/w/the-...
iBooks (Apple) - itunes.apple.com/us/book/age-...
Kobo - www.kobo.com/ww/en/ebook/the-...
Last but not least, if you'd like to follow me on social media, use one of the links below:
/ oneminuteeconomics
/ andreipolgar
/ andrei-polgar-9a11a561
Пікірлер: 79
GiganticWebsites.com is a project through which I make it possible for people to build truly gigantic websites (thousands of articles each!) at ridiculously low prices. If you have a great domain you want to turn into an amazing website or an existing site you'd like to upgrade/scale, visit our website or check out the One Minute Economics presentation video below: kzread.info/dash/bejne/mXls26eIgamzptI.html Please note that this comment is not an ad for a third-party service provider. GiganticWebsites.com is my baby 100% and I will personally be involved in each and every project so as to ensure the website turns out great :)
Lobbying should be a crime, or at least should be banned. All it does is make corruption legal and democracy impossible. Unfettered lobbying would always lead the oligarchy.
@Rey-hv5gm
7 ай бұрын
Except it won't be
@Draconatus24
7 ай бұрын
@@Rey-hv5gm it should be
@justjoking5841
7 ай бұрын
It should not be banned entirely but heavily regulated.
@Draconatus24
7 ай бұрын
@@justjoking5841 I completely disagree, there should be zero outside motives In our government.
@tiramisuORcroquembouche
5 ай бұрын
like the usa would want that lol
Watch this in 2x speed for maximum effect
@OneMinuteEconomics
5 жыл бұрын
Heh, I'll do my best to find the right balance between keeping the videos short, covering the topic properly and making sure they're easy enough to follow (speed)... easier said than done though :)
@aspirantlove2291
2 жыл бұрын
Right!
@Diplorable
Жыл бұрын
😂😂😂
@Pajune
Жыл бұрын
That's how I relax and enjoy my e-books
@cesarq6011
18 күн бұрын
😂😂😂 he’s just trying to be quick with it man. Hilarious comment tho
Paid lobbying, at its core, gives political power to money which betrays every ideal that democracy stands for.
@OneMinuteEconomics
Жыл бұрын
What alternative do you envision?
@ShiNijuuAKL
Жыл бұрын
@@OneMinuteEconomics Do we need an alternative? what are we losing by simply banning money in politics?
@therealrickytan
4 ай бұрын
@@OneMinuteEconomics Vivek mentioned one solution. Pass a new law that bans lobbying and investing in individual stocks, but that will only apply to new congressman moving forward. Reward the old by allowing them to be “grandfathered” in, but that puts pressure on them keeping their seat. Which should eventually lead to the old way dying out one way or another.
@MG-fr3tn
Ай бұрын
Capitail is tokenisum, don't worry with out a holistic interest wallmxxx and heaxxx efishancy should eventuly degrade the economy.karma.
@FloofyMinari
Ай бұрын
Ultimately it's up voters to choose a representative who will act in an ethical manner. Lobbying is free speech. Just because you are rich....doesn't mean we can strip you of your rights as an American.
The economics of lobbying has a lot more to it. You could spend weeks at a library on the subject and never read the same thing twice. Why don't consumer groups get more of a voice?
@OneMinuteEconomics
Жыл бұрын
Indeed, it's impossible to tackle everything through just one video :(
just different word for corruption
Great video! Thank you so much for creating such an informative and easily understandable explanation of lobbying. You broke down the complex concept in a way that anyone can grasp. Your effort in simplifying the topic is greatly appreciated. Keep up the excellent work!
"Lobbying is inevitable" talk about losing the war without firing a shot.
@OneMinuteEconomics
8 ай бұрын
Wouldn't you agree it's somewhat of a "pick your poison" situation?
@ForcesOfFreedomAndFascism
8 ай бұрын
Lobbies and bribery, in my opinion, are one and the same. We, the people, need to take back control of our government. We were lobbied into wars with Afghanistan, Iraq, Libya, Syria, and I probably forgot one. Now they are lobbying for war in Iran. Are news media outlets lobbied? All I see is one-sided biased propaganda; there is no journalism going on there at all.
@Rey-hv5gm
7 ай бұрын
@@OneMinuteEconomics it is at this moment
@johnnopeyy4129
6 ай бұрын
@@OneMinuteEconomics Nope. Bribery is illegal as far as I know. Lobbying IS bribery.
@FredAlluso
Ай бұрын
@@johnnopeyy4129 I don't understand your call for banning lobbying. Isn't it called lobbying when parents and schools petition politicians for money to keep schools safer? Would you really want to ban that too?
One Minute Economics needs your help! Please give me a minute (heh) of your time by watching the following video if you find the channel useful, literally anyone can help (either financially or by spreading the word about my work): kzread.info/dash/bejne/m6NklsWkoZS-YbA.html
Agreed thanks for the very simple and yet very informative video, where some tend to waffle on and on and the answer gets lost to the void all together.
Just because is legal, doesn’t mean it isn’t corruption
There needs to be an easier and more straightforward way for the average individual to crowdfund lobbying based on specific issues or bills that they want passed. Personally I'd be willing to contribute at least $300 towards deincentivizing public trading through more taxes and incentivizing private ownership through less taxes. Lobbying is only a bad thing when the average individual does not participate.
great video 👍🏼👍🏼👍🏼
you vote for people who are supposed to represent you, but instead you vote for the people who will get "lobbied" to represent the interest of the rich.
Why so fast? The speed control on YT isn't working. Ugh.
@OneMinuteEconomics
3 жыл бұрын
Sorry about that, I sometimes get carried away speed-wise and it's become a bit o a meme around here that for some of my vids, KZread's playback speed reduction feature is a life-saver
In a rico case is lobbying any good for anyone apart of or any company that is lobbying during a rico case.....What is Rico????
Thanks
And they should also legalize prostitution/drugs take it out of the wreckless/corrupt hands of illegal markets. I still don't get why they don't get on with it...
So basically legalize bribery? lol
Tank you mein friend
The problem isnt just the lobbyists but the system as a whole where those with a vested and financial interest has the largest fingers or hands in the proverbial cookie jar and that’s destroying small businesses and the west as a whole as they seek to push personal gain and benefits rather than to support or help those who they’re supposed to be supporting or representing such as the US healthcare systems which I’m not against private healthcare or any of that stuff and personally I don’t see a problem with private healthcare systems since at the end of the day they are privately owned and their main goal and purpose, the same with Insurance companies is to make money at the end of the day, the same way how shops can’t just give out free food to every homeless person they come across and the same goes for healthcare companies being again a business at the end of the day, however and unfortunately it does mean that at the end of the day all that matters to them isn’t the quality but their bottom line, that being said whilst I do love our healthcare system here in the UK being primarily a public system, it does mean that taxes and prices tend to be more expensive and the quality of healthcare tends to be subpar, compared to the US the UK beats the US in terms of accessibility and availability, but tends to fall short on the more higher quality treatments along with the fact that doctors are required to follow UK government guidelines, such as when Covid hit, doctors weren’t allowed to give CPR to patients in fear of catching Covid and so unfortunately many people who needed revival treatments were unfortunately refused along with other medical problems being pushed further back as other problems tend to arise where things like cancer treatments may take much longer than they would do anywhere else again due to the massive backlog of patients and this In turn, causes other complications such as again anal cancer or early stages of cancers which can be easily prevented and treated but due to the massive waiting list, a person could easily die due to neglect or further complications during that waiting period and again personally speaking about the UK healthcare systems, only those who pay taxes should get given priority or access to the healthcare system and those who don’t pay taxes should be required to pay a fee (nothing extreme it’s just so that they don’t end up using and abusing the system because no offense but many people come to the UK, because the healthcare is free and cheap, and again the price shouldn’t be extortionate or super high but should also help cover the cost of running and maintaining the NHS)
Lobbying compared to coruption, doesnt coruption have collateral issues for everyone and the state. Ssort of explance the hostility and inefishancy maybe stagnation and consumer coersion back firing to. Unique! A BETTER word might be not trying.
So, basically, a nice word or synonym for bribery.
@OneMinuteEconomics
6 ай бұрын
:P
It's 1.15 minutes. Scam
@OneMinuteEconomics
4 жыл бұрын
Exposed..... nooooooooooooooooooo :)
@randomcontent3220
3 жыл бұрын
He talks at a rate I wouldn’t be able to speak at though
Two words: regulatory capture
Guys is this the root of all (most) problems?
Bribery = Lobbying
Watch at 0.75x speed
Literally unwatchable. How do I slow the video down?
@OneMinuteEconomics
Жыл бұрын
Sorry about that. KZread has a playback speed reduction tool if you click on the settings button, that allows you to slow it down a lot
@TonyWayne212
Жыл бұрын
@@OneMinuteEconomics oh snap, it worked. Thanks 🎉
you talk at the perfect speed
@OneMinuteEconomics
Жыл бұрын
:D
That didn’t explain very much 😭😭
Jesus Christ what is up with all these informational videos today that sound like an old micro machines commercial. Has the attention span of people these days dropped that drastically. Hey 'One Minute Economics' creator, stay off the drugs Corky.
@OneMinuteEconomics
3 жыл бұрын
Sorry you didn't like the video. I promise I'm only high on life though. Also, there are 307 economics lessons on my channel. One minute may not sound like a lot but believe me, it adds up. And you'd be surprised how much information they can end up relaying, even for esoteric topics such as derivatives, statistics stuff and so on. Doing my best over here...
@MargaritaMagdalena
3 жыл бұрын
Looking up the definition of lobbying in a dictionary takes even less time than this video. Dictionaries must be for people with ADD.
Yeah but I'm wondering how many lobbyists become congressmen😂