More rent-seeking
An article in the Washington Post:
To the great growth industries of America such as health care and home building add one more: influence peddling.
The number of registered lobbyists in Washington has more than doubled since 2000 to more than 34,750 while the amount that lobbyists charge their new clients has increased by as much as 100 percent. Only a few other businesses have enjoyed greater prosperity in an otherwise fitful economy.
Of course, other industries actually produce stuff.
Posted by Chip on June 22, 2005 at 08:10 AM
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