[EL] CPA/Zicklin

[Jeff Hauser]

Ilya's post presupposes that corporations tend to be consumer facing, which
is not especially true, and

that corporate political spending is known, so we can know it is small,
which is not especially true, and

that consumers rein in corporate political spending due to downside risk of
exposure, which since we don't know what and how corporations spend, is not
especially true.

On Wed, Sep 24, 2014 at 2:16 PM, Ilya Shapiro <IShapiro at cato.org> wrote:

>  Only if you lump lobbying in with political spending. For-profit corps
> don't tend to do much political speaking because they don't want to
> alienate half of their customers.
>
>  To put a finer point on that, much more money is spent on lobbying than
> campaigning (on the order of 10-12 times I read somewhere recently), so
> campaign restrictions shut down advocacy groups (which are also
> corporations, of course), not the Fortune 500.
>
> Ilya Shapiro
> Senior Fellow in Constitutional Studies
> Cato Institute
> 1000 Mass. Ave. NW
> Washington, DC 20001
> Tel. 202-218-4600
> Cel. 202-577-1134
> www.cato.org/people/shapiro.html
> twitter.com/ishapiro
>
> On Sep 24, 2014, at 1:08 PM, David Ely <ely at compass-demographics.com>
> wrote:
>
>   To put a finer point on it,  is the political spending of for-profit
> corporations really just an attempt to buy off the regulatory structure and
> allow themselves to externalize costs to a maximum extent?
>
>
>
> *From:* law-election-bounces at department-lists.uci.edu [
> mailto:law-election-bounces at department-lists.uci.edu
> <law-election-bounces at department-lists.uci.edu>] *On Behalf Of *David Ely
> *Sent:* Wednesday, September 24, 2014 10:58 AM
> *To:* 'Smith, Brad'; 'law-election at UCI.edu'
> *Subject:* Re: [EL] CPA/Zicklin
>
>
>
> Which is why markets do such a poor job of dealing with external effects
> of economic activity. It’s hard for a consumer to separate worrying about
> political views and activities from worrying about economic decisions that
> externalize public costs from the price of a product.
>
>
>
> *From:* law-election-bounces at department-lists.uci.edu [
> mailto:law-election-bounces at department-lists.uci.edu
> <law-election-bounces at department-lists.uci.edu>] *On Behalf Of *Smith,
> Brad
> *Sent:* Wednesday, September 24, 2014 9:03 AM
> *To:* law-election at UCI.edu
> *Subject:* [EL] CPA/Zicklin
>
>
>
> CPI writes:
>
>
>
> "Watch your Netflix show, wear your Ralph Lauren shirt, brew your Keurig
> coffee and deposit your paycheck at M&T Bank.
>
> Just know that you're patronizing some of the nation's least politically
> transparent companies,"
>
> What a horrible, impoverished way to live one's life, worrying about the
> political views and activities of everyone you come into contact with, and
> using that to decide whether to do business with them.
>
>
>
> *Bradley A. Smith*
>
> *Josiah H. Blackmore II/Shirley M. Nault*
>
> *   Professor of Law*
>
> *Capital University Law School*
>
> *303 E. Broad St.*
>
> *Columbus, OH 43215*
>
> *614.236.6317*
>
> *http://law.capital.edu/faculty/bios/bsmith.aspx
> <http://law.capital.edu/faculty/bios/bsmith.aspx>*
>
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