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RE: How would Steemit help deal with the problem of lobbyists? [dTube]

in #news7 years ago

I can't believe it's taken me this long to find your blog. This is a very interesting subject. I have a few thoughts on this.

I appreciate your discussion on campaign finance, because, as you mentioned, campaign finance is the true lever when it comes to the power of certain industries. Lobbyists, in general, are only as powerful as the industries that they work for.

Another aspect that you did not mention was the subject of term limits. This is not as much of an issue at the federal level, but many states impose term limits on their legislators, which causes the revolving door problem to be worse. It also causes legislators to be more reliant on lobbyists, because their ability to become a subject matter expert on the political process is hampered by the limits on their time in office. For example, in Florida, legislators are capped at 8 years in office. So, you run into the situation where you have lobbyists that have been around the process for 30+ years and know it better than the legislators, who then rely on the lobbyists expertise.

I have long thought that campaign finance will be strongly impacted by cryptocurrency, though I do have some concerns. For example, what is to prevent foreign powers or bad actors from pumping anonymous money into our elections and directly influencing the outcomes? Also, how do you ensure true anonymity?

I enjoyed your perspective, and have followed you. I'm looking forward to seeing more of your work!