The Evolution of Consumer Regulation and Corporate Lobbying

The debate on consumer regulation initiated by Ralph Nader and the consumer movement still continues today. In the mid-70s, corporations significantly increased their lobbying efforts, with expenditures rising from millions to billions of dollars annually. Presently, corporations spend approximately two and a half billion dollars on lobbying each year. This historical moment marked the beginning of an ongoing cycle of fluctuating levels of regulation for consumer products.