Myth- Big business runs our government?

Myth- Big business runs our government?

Matthew Jones (Political Science Instructor) gives expert video advice on: Myth- A small group of powerful families run the US Government?; Myth- Big business runs our government?; Myth- Big business is against environmental legislation? and more...

This is just not true. There are multiple reasons why it's not true. Business is very powerful and there are multiple reasons why it should be very powerful. Business controls most of the United States economy in terms of our free market economy, and it controls most of the jobs in the United States and it's experts on many issues. If a politician wants to make a policy about energy it needs to talk to experts. One of the leading experts is the people who actually produce and provide energy. So they are experts and they are important in terms of jobs. However, business isn't always on the same page. Businesses fight against each other. A modern day controversial example is ethanol. Corn producers want government to subsidize corn for ethanol production. However meat producers, dairy producers, those sorts of things, they don't want that because the more corn that's taken and put into ethanol means the price of corn goes up, which means the price of feeding cattle increases, which means that their prices go up and they get less profit. So they're at odds with each other too.