March 3, 2012
The biggest issue with lobbying isn't that it leads to outright fraud; it's that it leads to intellectual capture

"The outcome of this is that a disproportionate number of people who have access to politicians, and who are owed favors by politicians, are lobbyists. And so those politicians are listening to a lot of lobbyists—lobbyists who are being paid by a client to invest in their relationships with politicians in order to advance the client’s interest. On some level, the politicians know that. But it doesn’t feel that way to them. It feels like they’re listening to reasonable arguments by people they like and respect on behalf of interests they’re already sympathetic to. And what’s so wrong with that? The answer, of course, is that players with money are getting a lot more representation than players without money, not in sacks of cash delivered in the middle of the night, but through people a politician listens to and trusts and even likes having lunch with in the bright light of the day."