Regulation for the greater good

Regulation and the   Greater Good

After viewing The Crisis of Credit Visualized (Links to an external site.)Links to an external site. video, respond to each of the following:

• How could government regulations have prevented or      mitigated the credit crisis of 2008?
• Discuss whether too much governmental regulation of      business or too little governmental regulation of business presents the      greater danger to:

• the greater good
• business

Week 3 – Discussion 2

 

Administrative Law and   Business

Some argue that government needs to increase its regulation of business for the good of society as a whole. Others believe that the marketplace is self-regulating and that government intervention through needless regulation places an unfair, costly burden on businesses in general and on small businesses in par­ticular. What role do you believe government regulation should play to ensure ethical conduct by businesses? How do different political viewpoints potentially shape the answer to this question?

Required Resource

Text

Seaquist, G. (2012). Business law for managers [Electronic version]. Retrieved from https://content.ashford.edu/

· This text is a Constellation™ course digital materials (CDM) title.

Multimedia

Jarvis, J. (2009). The crisis of credit visualized (Links to an external site.)Links to an external site. [Video file]. Retrieved from http://vimeo.com/3261363

The Crisis of Credit Visualized (Links to an external site.)Links to an external site. on Vimeo. (n.d.). Vimeo, Your Videos Belong Here. Retrieved October 19, 2012, from http://vimeo.com/3261363