Discussion #1:The Regulation Spectrum Discussion Board Post

Discussion #1 The Regulation Spectrum

The role of regulation in our society and economy is often debated. To some, regulations are unnecessary governmental interference and a drag on business success and economic progress. To others, regulations are a necessary intervention to ensure an even playing field as well as public safety and minimal standards of protection.

• Where should we fall on the regulation spectrum? Should the same approach be taken regardless of industry or product, or should it be decided on a case-by-case basis?
• Can you provide the example of an industry or product that self-regulates effectively? What about a product or industry that has a history or an example in the past of poor self-regulation?
• Can or should any industry self-regulate? What are the problems inherent in that approach?

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