Eric Schmidt Quotes
The average American doesn't realize how much of the laws are written by lobbyists.
Schmidt, Eric. Interview by Kara Swisher. D10 Conference, AllThingsD, 30 May 2012.
His unusual theory was that if government could or did not do much to affect the economy, there would be no reason for a large corporation to invest money in electing a particular party or candidate. Therefore the way to get the influence of big money out of politics is to reduce the role of government drastically. Paul was one of the very few Conservative politicians who would publicly state that the reasons that corporations made campaign contributions was to buy political favors, favorable legislation or tax treatment. If corporate investments did not pay off for the company, shareholders would not tolerate spending investment money for a particular political philosophy as most companies have shareholders representing the range of American political opinion and their investments should pay off to the bottom line—profits.
He made this quotation when he was a member of the Wisconsin State legislator. He was describing the influence and interaction that corporations had with the Wisconsin state legislative process.
Eric Emerson Schmidt is an American technology businessman and software engineer. He is known for being the CEO of Google from 2001 to 2011, executive chairman of Google from 2011 to 2015, executive chairman of Alphabet Inc. from 2015 to 2017, and Technical Advisor at Alphabet from 2017 to 2020. He is Chair of the Special Competitive Studies Project. He is a co-author, with Henry Kissinger and Daniel Huttenlocher, of The Age of AI: And Our Human Future.