Do you believe self regulation is more or less effective than governmental regulatory agencies? Why?
I think that self regulation helps, but government regulation is more effective. Government regulations such as the Sherman Anti-trust Act of 1890 are placed into action to help our country not only develop and continue to thrive, but they also help even the playing floor for other companies. With the Anti-Trust act, it prevents the creations of monopolies and helps to save us, as the consumer, money.
With self regulation, groups such as the NAR (national association of realtors), have large lobbying power which can help to sway elected officials.
Depending on how their powers are used, both forms of regulation can be incredibly helpful to the success of our country.
What would you lobby for if given the opportunity?
