Government Intervention Vs. Self Regulation - 874 Words

Business Ethics: Government Intervention vs. Self-Regulation Wealth brings power and power can at times bring corruption. In today’s economy where individuals are no longer the concern when it comes to wealth, the global attention is drawn to corporations who hold the majority of our wealth. This calls for us to take cetain measures that can ensure the existence of a socially responsible behavior amongst all corporations, and these measures could be introduced in many forms, quite possibly the most favorable currently being government intervention. However, government intervention is not always the best method for ensuring social responsibility and ethical behavior amongst corporations. A much better alternative is a self-regulatory economy along with a combination of freedom and transparency in order to ensure responsible behavior in corporations, in addition to an increase in efficiency and flexibility in regards to resources and innovation. The first step is to realize exac tly how out of control government regulations have become. In his article at Wall Street Journal, Regulations Run Amok-And How to Fight Back, Charles Murray notes â€Å"the number of federal crimes you could commit as of 2007 (the last year they were tallied) was about 4,450, a %50 increase since just 1980.† Furthermore, Murray brings to light the fact that other than a handful few, these crimes are not acts that are bad or evil in nature, and instead are labeled crimes simply because the governmentShow MoreRelatedGun Control Amendment990 Words   |  4 Pagesefforts against gun regulation, there’s been several restrictions put in place on purchasing, owning, and possessing of fire arms. â€Å"Gun possession by ordinary citizens of the world is a potential threat to public health. This is a result of the damage coefficient that guns possess. When anger is combined with ready access to high-damage coefficient weapons, the concern is that the expression of that anger c ould be fatal†(Boylan). During the 2008 case of The District of Columbia vs. Heller, the SupremeRead MoreThe Between India And India Essay1375 Words   |  6 PagesFinal Paper After World War II, the widespread implementation of colonial rule was ended and widespread post-colonial self-governance began. These fledgling states were mostly provided with a framework for governance that was left over from the previous colonial rule. The Parliament of India largely mirrors that of England, and this creates fundamental issues within the governance and creation of a new state, especially one with India’s population. An already established style of governance hasRead MoreClassical Liberalism Is A Political Philosophy Originated1594 Words   |  7 Pagesdevelopment of liberalism. He wrote the first book of â€Å"philosophical significance.† Leviathan (1651) was based on Hobbes belief on equality, all individuals being equal, and everyone having the natural right to be free, and having a leader, a form of government with consent of the people. Hobbes was also the first to use the approach of natural rights, natural liberty, and state of nature. With those terms, he wanted to emphasize his belief in equality, and the rights of the citizens to decide how to governRead MoreLaissez Faire Vs. State Intervention1467 Words   |  6 Pages1800s: Laissez-faire vs. State Intervention What does, exactly, ‘laissez-faire’ mean? According to the Oxford dictionary, this French term means literally ‘allow to do’, however, in nineteenth century Britain, this word was used to define a new policy of non-intervention in free market affairs by governments, in order to allow things to follow their own course without any external help, as suggested from some of the most famous economists of the era, as Adam Smith, his followers Thomas Robert MalthusRead MoreThe Debate Over The Future Of Education Essay1385 Words   |  6 Pagesstructure itself. Many conflicts abound from this at both the higher and lower institutional levels. Specifically, the most prevalent conflict in recent times has been that of: Who should be in charge of the school’s operation? This debate over the private vs. public school system centers on who has control over the school’s function, and how it achieves these stated results. Many solutions have been proposed to â€Å"fix† the inequalities some perceive to exist in the public school system, in which a communityRead MoreExploring the Purpose of the Indian Gaming Regulation Act Essays1467 Words   |  6 Pagespeople from other ethnicity cannot. This leads to the belief that it is an indirect way for the American government to repay the tribal government for taking their lands. This is partially true. The right to conduct gaming on reservations begins with the Indian Gaming Regulation Act (IGRA). Since its establishment in 1988, hundreds of tribes are able to negotiate an agreement with the governments to operate casinos on reservation lands. However, this is not the only intention of IGRA. Although CongressRead MoreGovernment Involvement in a Market Economy2008 Words   |  8 Pagesï » ¿Explain why government regulation is needed, citing the major reasons for government involvement in a market economy. Government involvement in a market economy is necessary only when the industry is systemically important to the overall functioning of the economy. In many instances, little government involvement is beneficial to the market economy as it allows competitive forces to dictate operating results. For one, government involvement occasionally undermines the competitive climate of industryRead MoreThe Transition From An Agrarian Society1183 Words   |  5 Pagessociety to an industrial empire had challenged old American values such as outwork and interdependence found within rural communities. Specifically, division of labor and technological advancements during this time period had shifted society from being self-reliant (agrarian) to dependent on large businesses (industry). In Who Built America by Christopher Clark, Nancy Hewitt, Joshua Brown, and David Jaffee, they highlighted how this shift to large-scale manufacturing had led to the little impact of workers’Read MoreLareaus Unequal Childhood Paper Analysis1541 Words   |  7 Pagesinstitution and how the family unit interconnect with other social institutions within any given society. According to the Structural-Functional Analysis for example, the family serves as a unit that perform many vital tasks which include socialization, regulation of sexual activity (reproduction), social placement and emotional support. According to the Social-Conflict Analysis, the family unit contributes to the perpetuation in inequality solely based on race, class, gender, gender and ethnicity. FinallyRead More1. Compare and contrast business systems in Japan and China. Answer with reference to relevant theories and use comparative country and/or corporate examples. 2476 Words   |  10 Pagesrequires good company and government governance, in order to achieve this result. Japan is also a major technology and export hub in Asia and she is currently the world third largest economy by Gross Domestic Product. (World Bank , 2014). Prior to the economic reform of Deng Xiao Peng, the Chinese government has total control of all the State Owned Enterprises (SOEs) under the communist system. It is a very highly centralized system that only the Chinese State government has power and control over