BUS670 Legal Environment Week 3 DQ

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Regulation and the Greater Good

 

After viewing The Crisis of Credit Visualized 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

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?

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