Americans Understand Corporations Spend Money In Politics

Americans Understand Corporations Spend Money In Politics

Americans clearly understand that corporations spend money on politics in order to extract their own benefits from government. Economists deride the process of rent seeking, whereby one company seeks advantage over another not through economic competition in a free marketplace on the strengths of their goods and services, but by advantaging themselves through non-competitive means. Americans understand this dynamic. More than 7 out of 10 (72%) agree that corporations spend money on politics to gain an economic advantage over their competitors, and over 38 percent strongly agree. But what can be good for one company can be rotten for the market as a whole - not to mention the public.