Corporate Influence in EU Governments
It is that feeling that never really goes away. No matter how often you might look around at how things work in Europe and admire things, there is the ever present feeling that politics, business, and everything in between is heading in the same direction as the United States.
Yet another piece of evidence to that effect appeared in the Financial Times recently, in an article about the intricate role of business executives within the German government. In a story that sounds identical to what has been going on in the US for decades, one German executive from a hedge fund was said to be working in the ministry of justice in the area of hedge fund policy. Another classic example, reminiscant of the Reagan years, executives from BASF (the chemical company) are working in the ministry of environmental protection, also in the area of policies – of course.
But the infiltration of government by business experts from large corporations goes beyond the national level. As the article points out in its conclusion, within the European Commission there is also a strong presence of corporate experts working in the area of policy and regulation.
Just as I mentioned at the beginning of this post, for all the reasons we might admire Europe, there are plenty of reasons to worry about a continent whose governments are allowed to repeat the kind of dysfunctional corporatist capitulation that we saw in the United States over the last 30 years or more.