It is true, because lobbying is not passing a law or regulation.
In fact, a large corporation must make political contributions, otherwise they'll be targeted by the politicians (as Microsoft discovered in the 90's.) Large corporations are expected to pay tribute.
That's such a revisionist look at history. I don't know how anyone can be educated about the matter and think somehow that Corporations are at the whim of politicians, and not the other way around.
Microsoft overreached significantly and the US government 30 years ago gave them a slap on the wrist.
> Corporations are at the whim of politicians, and not the other way around.
Corporations are creatures of law and exist and are structured solely at the discretion of government, except to the extent government delegates power to other entities.
So, yes, they are at the whim of politicians.
Politicians may be at the whim of the haut bourgeoisie as a class, and those are the same class of people who the joint stock corporation as a form disproportionately serves, but there aren't the same thing as corporations.
In fact, a large corporation must make political contributions, otherwise they'll be targeted by the politicians (as Microsoft discovered in the 90's.) Large corporations are expected to pay tribute.