The interplay of powers and influence within the state remains to be a significant instrument shaping domestic policies. In here, the dynamics that happen among politicians create the necessary framework for change that then outlines the relevant parameters shaping and honing the way rules and standards apply. Though such processes may deem to be irrational and lead towards detriment rather than growth, it the ability of politicians to dictate outcomes that permeate within societies. This is thus a clear indication of how market failure emanates and takes its effect.
Reflecting on the interviews and videos, it can be seen that the idea of farm subsidies remain to be a crucial component showcasing the capacity of politics to redefine norms and standards. It is through this that the overall processes associated with it falter due to its inability to actively find responses relevant and influential towards change.
Analyzing the case further, it can be seen that this unpopular tenet continues to exist because of lobbyist who continue to promote for such acts. Even though many studies and experts has shown that the appropriation needs changes due to its inability to address the needs of small farmers, the bill pushed through due to the ability of lawmakers to adhere to the demands of these lobbyists. Hence, it can be seen here that this corresponds to the notion of iron triangles.
The idea of iron triangles circumvent on the interplay and interaction between legislators, interest groups, and the executive in coming up with specific policies aimed to address particular goals and objectives. It can be seen here that the outcome of such bill initiated last 2007 was a clear indication of how such sphere of influence affects the nature of politics with limited or no consideration whatsoever with the general consequences both locally and internationally.
Comparing this setup to the notion of the past ideas surrounding iron triangles, things have dramatically changed...