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Unformatted text preview: businesses hard. 2. The government should regulate businesses. The government regulates in order to control the power of the business. If it didnt there would be a large gap between the rich and the poor because the owners would profit outstandingly while their workers would make next to nothing. If the government did not create a minimum wage in 1938, workers may not receive enough compensation to live unless they went to extreme measures to demand more. The advantage of government regulation in this case is that it acts as the voice of the people and turns their pleas into demands. The disadvantages is that government can artificially correct the economy and create an even larger disaster later on that would be even harder to correct than the first issue they strived to correct....
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- Spring '08