Criticism of regulation and deregulation

Criticism of regulation and deregulation -...

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Criticism of regulation and deregulation Regulatory policy is usually criticized because of the costs it imposes on business. American  consumers and workers generally bear those costs: consumers through the price of products;  workers when their place of business must compete with unregulated foreign concerns.  Nevertheless, setting domestic policy through regulation is tempting to federal legislators because it  allows them to take action on a problem and command a change of course without directly paying for  anything they order. Another concern with government regulation of industry is that policy decisions  often respond to political considerations rather than technical ones, which may mean hurting  businesses for no good reason, or it may give certain businesses the opportunity to manipulate  regulations so that they make more profit.  Deregulation  began in the 1970s and was based on the notion that regulation was suppressing 
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This note was uploaded on 11/20/2011 for the course POSI 1310 taught by Professor Arnold during the Spring '08 term at Texas State.

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