Say No to Deregulation

(New York: Black Dog & Leventhal Publishers, 1996), 362. This gives the government the needed power to regulate big business. This notion is nothing more than wishful thinking. This view might seem somewhat pessimistic, but during the British, French, and American industrial revolutions, the working class was subjected to some of the cruelest working conditions the world has ever seen. When a business grows to such an extent to which profits become the only objective, and the general welfare of that society is thrown out, government regulation is the only solution.

Many would argue that if big business could break out of the regulations then the working class and community would benefit greatly. Unfortunately for the common citizen, big business, if left unchecked, is the only significant counteractive force to the federal government. Without government intervention, Microsoft’s ability to control the market would destroy fair dealing and fair competition. It seems that the moral conscious of most corporate entities is something less than respectable. The corporations should depend on the community for support and approval instead visa-versa.

Under most circumstances, when the government of the United States is restricted, big business is right there to pick up the slack.

When regulating corporations, the government must take into account public interests and seek to provide fair competition through interstate commerce. Ridiculous pay wages and unsuitable working conditions prevail in a country with limited business regulation. Those are just a few examples of the inability of corporations to provide fair markets in a deregulated area.