Impact of Excessive Government Regulation :: Over-regulated America

Some believe the organisation regulates course too muchothers feel that the judicature does not do enough. I believe the government isregulating business far too much and furthermore putting businesses out ofbusiness and do many workers to lose jobs. In this paper I will point outthe common problems dealing with government decree. I will also counseling onthree major aspects of government regulation which include 1) regulationinterferes with production by halting innovation and discouraging risk taking,resulting in declining employment, 2) government over regulates by settingstandards for every aspect of manufacture when it could allow businesses to setoverall objectives for their business, 3) regulation cost too much in businesscompliance, which is passed on to the consumer and finally forces the companyout of business. The objectives of safety and health will better be achieved inthe absence of government regulation. Government regulatory agencies rich person spentbillions of dollars and there is little evidence that the world is any betteroff than it was without the agencies and costly reforms. When reading furtherask yourself the question, does the costs or regulation outweigh the benefits,I believe they do not.Regulatory programs normally be started by a group of people with asingle interest and contract the government and people to believe that there isa major crisis, creating panic to an alleged problem. When this happens itpressures Congress to pass a reform law in awe of not being reelected. Mediagroups also aid in creating panic by focusing on the bad and not the possiblesolutions to fix the problem. What happens is Congress passes a reform thatthey have little thought over and create costly new standards that could makelittle difference in the world. A good practice of this happened during theadoption of the auto emission standards of 1970. When Congress passed a billwith little debate and few people having any idea on what the bill was about,creating costly reforms and forcing cut backs on business expenses. In all ofthe cases of 1970 the Congress chose to regulate instead of the alternativescourt penalties for polluters, tax penalties for employers with poor safetyrecords, or government-funded information programs. The health and safetyregulators were created in response to a nonexistent crises, therefore it is not surprising they have made little impact.Sam Peltzman, University of Chicago economist, did a cost-benefit compendium of the drug regulations that followed the thalidomide tragedy in Europe.In his analysis he focused on the Food and Drug Administration (FDA) which isalike the older single-industry regulators and some of its problems are typical