Pros and Cons of Governmental Regulation
How would you like to walk into a store where the conditions are unsanitary, food labels are out of date, and the electrical wires keep tripping you with every step you take? It would be a nightmare. Thanks to government regulation and control we are able to walk into a store where none of these things would dare happen. Lower prices for consumers, reduction of pollution, improved areas for the handicapped, and workplace safety are just a few of the benefits to governmental regulation. In my opinion having the government step in and regulate businesses when they get a little to out of control is definitely a plus. There are a few cons however, typically for the business itself.
Thanks to agencies such as the FDA (food and drug administration), OSHA (Occupational Safety & Health Administration), EPA (Environmental Protection Agency) and EEOC (Equal Employment Opportunity Commission) conditions as bad as those mentioned above should never happen. Having the government step in keeps us all safe and healthy. Also, thanks to the EEOC employers cannot discriminate and therefore gives all potential employees a chance to work.
Another benefit of these regulations is lower prices for consumers. By having the government step in and break up monopolies, companies are able to maintain competition. If the government sees that a particular company is getting to powerful and dominating its competitors they will step in and break them up, just like they did with Microsoft. This helps us, the consumer, because we get good quality products, at low prices.
Probably the biggest con in regulating business is competition. If a government is regulating a business, competition automatically goes down. An example of this would be the post office. There are no other postal services that deliver our mail. The United Postal service is the only one, and therefore is an example of a governmentally regulated se…