Consumer advocate Elizabeth Warren is running for the U.S. Senate in Massachusetts and across the country, the Occupy Wall Street movement has taken hold as a grassroots consumer movement. Of course, there’s also Ralph Nader, who has made two unsuccessful presidential bids.
Add it all up and you can’t help but wonder if the time has come for consumers to get political.
Before I give you the answer, let’s consider a few facts about how businesses influence the legislative process. Corporate America and other special interest groups, including unions and trade groups, spent a record $3.51 billion on lobbying in 2010, according to OpenSecrets.org, which is more than twice the $1.56 billion spent just a decade earlier. That’s a whole lotta money.