Sunday, February 17, 2013

Self regulation vs. governmental regulation

When looking at the regulation of companies, it seems that governmental regulation is getting weaker and weaker by the year.  It seems that the United States is looking for something to fix this problem.  It has been mentioned that maybe we should let companies self regulate.  In my mind, I think this would be a terrible idea.   Sure maybe we could trust some companies to self regulate, and to do it fairly, but if self regulation was put into place, there would be a ton more of corruption.  Especially when regulating could falter that companies gain, when it would be themselves regulating their company, I'm sure a lot of them would not regulate as hard in order to be able to gain personal profit.   So even though governmental regulation is getting weaker, it still seems to be the best thing we have right now.  We cannot trust a company to regulate against its self, because they would just try to bend the rules in order to be more successful.  What do you think, Trust the government or trust the companies?

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