Revolving Door Quotes



Goldman Sachs, one of the largest worldwide financial corporation, not only spent millions on lobbyists to shape government law and regulation, but its ex-officials served on high government positions including Treasury Secretary. They also give large amounts to finance campaigns of Congressmen and other public officials who were then very sympathetic to Goldman Sachs’ welfare. There is no practical way a citizen voter can overcome that situation, especially by exercising the voting franchise.


Between the politicians and the financial industry lobbyists the laws are written so that there is sufficient room for enough self dealing so that members of Congress can get rich using methods that are questionable but have been legislated as legal and the Congressional rules have been written so that they are “not unethical”. Many members of Congress leave the institution much wealthier than when they entered but have received salaries that are insufficient to build that kind of wealth. Many then accept lobbying or other jobs at very high pay representing the people and corporations who have been the subjects of their legislative efforts. Other members do not avail themselves of the “legal” self dealing as the practice is not universal.


There were many national politicians who would publicly castigate homosexuals and yet were themselves gay and in effect were living two lives. For them “coming out of the closet” had a temporary meaning restricted to time and place and then they would go back “in the closet” for their public personae.


Chomsky sees this as a problem. Many others see it as a virtue that government agencies receive current information from companies and that there is an exchange of personnel where company officials bring their experience to assist government and corporations benefit from having executives who had some government experience.