In the US, the revolving door problem has been well known for years. It is best illustrated by the movement of individuals between the financial service industry, its lobbyists and the financial service regulators.
It was the week that Bell Pottinger, one of Britain’s largest lobbying firms, was secretly filmed bragging of its intimate access to government. But there is a potentially even worse scandal than lobbying: the practice known as the “revolving door”, where ministers, officials or military officers involved in controversial public-sector contracts then go on to work, at high salaries, for the beneficiaries of those same contracts.
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