Corporate Capture

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Corporate capture, or corporate takeover - also called Regulatory capture, occurs when a policy issue, agenda or new legislation is influenced in the extreme, often from the beginning and on an ongoing basis, by corporate interests. Corporate capture is extreme influence and while it does not happen on all EU policies and laws, the risk of corporate capture at the EU level can be high. The threat of corporate capture comes from the tactics which corporate lobbyists and business elites rely on to promote their agenda. These include: proffering corporate-dominated ‘advice’ or ‘expertise’ throughout the policy-making process; the smooth movement of staff, via the revolving door, to and from public institutions and big business; the privileged access of business interests to top decision-makers and officials responsible for handling key dossiers; the informal links which exist between political and corporate elites, including being members of the same political party; the setting-up of front groups; the funding of apparently ‘independent’ research; and many other tools and tactics which can all contribute to corporate capture. Stop Corporate Capture. Linkback: ALTER-EU

Articles

  • Dec.10.2015: The corporate capture of the climate talks. The biggest winners from the Paris climate summit (COP21) will be the very corporate forces that have scuppered meaningful action to tackle the problem. With the risks so high for people and planet, why have political leaders continuously bowed to the wish-lists of the same industries causing the problem? The evidence points to corporate capture, a form of political decay that sets in when a public authority established to act in the public interest becomes gradually hijacked so that it adopts the agenda of the groups that dominate the sector it is charged with regulating. The story of UN climate talks is one of big fossil fuel corporations using greenwashing and effective lobbying campaigns to achieve the corporate capture they so badly need to protect their profits. Weakening, co-opting and subverting successive UN climate talks has been the aim of the game. The outcome, at each stage since the earliest incarnations of global climate summits, has seen weak rules, voluntary initiatives, market-based mechanisms, and techno-fixes adopted as solutions. The World Business Council for Sustainable Development is key to this successful campaign to put business at the centre of UN climate policy. much more Pascoe Sabido, Corporate Europe Observatory.