Since the enactment of anti-trust laws in the early twentieth century, followed by periodic increases in rates and increasingly complex and restrictive regulatory laws governing the conduct of business, the American business community has generally been an opponent of any government law, regulation, compliance obligation or that it perceives to undermine profitability or impede business operations. If big business could speak with one mouth, it would likely say that regulations hold it back and cost everyone in the long run. Of course, if big business did speak with one mouth, it would also have a lot to answer for.
Dec 5, 2016 - The Main Reasons For Government Intervention Economics Essay. The government to producers or distributors in an industry to prevent the. Countries may predominate in export of certain products simply because they had firms. This has been the logic of government support of Airbus Industries.
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Over the past decades, particularly leading up to the that unfolded from 2007-2011, too many publicly traded corporations have misstated earnings to maintain or boost the of their stock. They've violated immigration laws by hiring undocumented workers. They've broken environmental laws by illegally dumping wastes or emitting pollutants into the atmosphere or into rivers and lakes.
So clearly the 'no rules' approach has a cost for the general public - which is why our elected bodies are in charge of regulation in the first place. In response to some of the behaviors mentioned above, we now have entities and regulations to discourage repeats and businesses complain about them endlessly. These include. Sarbanes-Oxley: In the wake of major corporate fraud in companies such as, Tyco, WorldCom, among others, major legislation called the was enacted governing accounting, auditing and corporate responsibility. Many in the business world opposed the bill, claiming that compliance with its rules was difficult, time consuming, and would still not have the desired effect – the protection of against fraud. The EPA: Another frequent target of certain businesses is the. The disposal of waste materials, the restrictions on greenhouse emissions, pollutants and other substances harmful to land, water and atmosphere are now regulated by this government agency.
Companies to which these rules apply have complained that the restrictions are costly and compromise profits. The FTC: The has also been perceived as a foe of business by some firms, which have had their practices such as, monopolies and fraudulent or misleading advertising curtailed by this arm of the government.
Hundreds of assistance programs from the government in the form of money, information and service are available to businesses and entrepreneurs. Noteworthy among them is the, which, among its other pro-business services, arranges for loans for start-up companies. The SBA also provides grants, advice, training and management counseling to companies in an effort to help America's numerous small business succeed in its highly competitive economy. There is also The and its nationwide program to help small and medium-size businesses increase overseas sales of their products. This is just one of the many services the Commerce Department provides for businesses, which helps them achieve continuing profitability. On top of all of this, there are the extraordinary steps government takes to protect businesses when the situation calls for it. Economists have claimed that the so-called, signed into law by President George W. Bush, and the stimulus program enacted under President Obama, averted a repeat of the Great Depression of the 1930s.
Other economists insist that the government should not have intervened and that elements should've been allowed to weed out the business failures. No matter which side of the argument you find yourself agreeing with, there is no doubt that the corporate world would look very different today if those programs hadn't backstopped the financial system.