Government Regulation In The US

925 Words2 Pages
bulb-icon

Recommended: Mitigation strategies for global warming

The federal government of the United States of America is in charge of regulation and supervision of citizens. When it comes to regulation of the economy, the government can either intervene or let the market fluctuate based upon natural forces. I believe that the government should use a laisse-faire method in the economy. One of the greatest aspects of an open market is the use of competition. This causes an overall lowering of prices and a rapid increase of advances in every sector of the market. With government intervention, the U.S. gets a regulation of market with the addition of low competition, a monopoly on services, and less power of the customers. Customers of the market have the ability to change how corporations target their brand …show more content…

The government agencies who are in charge of regulating have no competition, so as long as a corporation is government certified, they are the same quality of other companies. If there were privatized companies who could regulate the standards, corporations would then have incentive to achieve a higher quality of standards to gain the best reputation available. Government regulators also have no incentive for the quality of service they provide. With a market forced regulation, goods and services would be forced to compete for the highest quality of standards and would self improve itself over time to let the strongest companies survive while the weaker companies must either compete of die …show more content…

The United States has so many resources such as solar, wind, hydro, and natural gas that we need more research on. The government has tried and weighed in on the energy crisis in the world but it may be too late to become the world leader of new energy. The United States has failed to conduct vigorous research and development in the removal of fossil fuels and has tried to figure out a more efficient way of using the fuels already in use. This can cause of alarm in the upcoming decades with cars and planes using up petroleum faster than previously thought.

Going along with the use of fossil fuels is the discussion on global warming. The CO2 emissions given off by vehicles is outrageous. And, with Volkswagen now involved with a scandal of false emission readings, the ozone is severely in trouble. One way to decrease the expulsion of CO2 would be a tax incentive for corporations to switch 20% or more of their existing power to clean energy such as wind or solar. This would also encourage small businesses to do the same with a similar incentive. Just asking people to change their lives will not do, people need a reason to change, and money is that

Show More
Related

  • Standard Oil Company Case Study

    715 Words  | 2 Pages

    First the story of the Standard Oil Company briefly describes the limits of power. When Rockefeller was trying to take over the market he formed the “South Improvement Plan. When this occurred the public grew very angry with the price of trains, so nobody went on the railroads and Rockefeller eventually got the bill, until prices changed. This is an example of how the consumers, make the company run and when nobody wants to buy your product the individual must adjust. Another example would be when the Standard Oil Company was primarily the only oil company and was forced to split into thirty nine different independent companies. This shows that one business cannot control the entire market and interventions will need to be done accordingly so that a company does not have all the power.

    Read More

  • United States' Energy Crisis During 1970

    1262 Words  | 3 Pages

    ...m fossil fuels, there remains alternative resources that can easily be taken advantage of. So why isn’t the United States taking this deeply into consideration and improving this dilemma? The energy crisis of the 1970’s continues on into the present as Americans search for new ways to fuel the consumption. This remains unresolved.

    Read More

  • Examples Of A Good Monopoly

    1033 Words  | 3 Pages

    There is much controversy about what a ‘good’ monopoly is and what a ‘bad’ monopoly is. Monopolies can have a positive impact on the market. One example is the history of telecommunications. The American Telephone and Telegraph “consolidate(d) the industry by buying up all the small operators and creating a single network—a natural monopoly” (Taplin). It became easier and more convenient for consumers to communicate. This is an example of a ‘good’ monopoly. Louis Brandeis, counselor of President Woodrow Wilson, agreed. He said it makes sense for one or a few companies to own‘“natural” monopolies, like telephone, water and power companies and railroads” (Taplin). The keyword here: natural monopolies. Natural monopolies are different from most of the monopolies in the market place today. A natural monopoly “refers to the cost structure of a firm” (lpx-group). A monopoly is “associated with market power and market share in particular” (lpx-group). Natural monopolies make

    Read More

  • US Needs to Have Energy Independence

    795 Words  | 2 Pages

    The reliance on other countries for fossil fuels that produce energy have put the United States of America at risk of being pulled into unstable regions around the world jeopardizing international relationships and putting its own citizens in harm’s way. America needs to balance both the pursuit of alternative energy solutions and reduce energy usage. Our military runs on fossil fuels produced by other nations who do not have similar interests or values as the United States, ultimately adding unwanted risk that becomes difficult to manage. There are advantages to alternative energy solutions that could allow for America to become an independent energy nation that would eliminate the need to support and stabilize various regions around the world. The U.S. Military needs to reduce its overall energy usage by taking advantage of breakthrough technologies that could be integrated onto current systems.

    Read More

  • Monopolies: Beneficial or Detrimental to the Economy?

    1819 Words  | 4 Pages

    The economy is a pivotal part in our everyday life. Consumers are very much affected by the economy whether we think about it or not. Our economic system, once a pure capitalistic system where the government did not regulate the private sector, has shifted to a mixed economy system. Since the emergence of monopolies, the government has increased their involvement in regulating them. With that said, monopolies still exist today. Although they are frowned upon, there are certain benefits monopolies offers. If these benefits do outweigh the detrimental effects, should the government dismantle a monopolistic firm?

    Read More

  • Analysis Of The Federal Trade Commission

    2304 Words  | 5 Pages

    The Federal Trade Commission is consisted of three bureaus and ten offices. Each bureau is intended to focus on a specific area to ensure that fair-trading is being practiced in the country. The Bureau of Competition seeks to eliminate anticompetitive business practices through the antitrust laws, ensuring that consumers receive goods and services at prices competent to their qualities. The Bureau of Consumer Protection seeks to protect consumers from unfair and fraudulent practices. Moreover, the bureau investigates individual companies and corporations to ensure that no fraudulent activity is endangering...

    Read More

  • Proposal for Gasoline Tax Increase

    1363 Words  | 3 Pages

    On a daily basis, millions of cars are driven by millions of Americans to millions of different places. For most of those millions of people, their cars are their lives and that's all that matter. A second thought is rarely given to the fact that conventional gasoline vehicles are depositing millions of harmful chemical gases into the atmosphere. Many people in America are not aware of what automobile emissions are doing to our environment. If every American knew all the facts about gasoline vehicles, perhaps then they would be motivated and willing to contribute whatever is needed to save the environment from the destruction that gasoline vehicles are causing. Zero-emission vehicles are a new development and are one of the most aggressive approaches toward preventing global warming. However, there is still a lot of work to be done in order to eliminate conventional gasoline vehicles and begin widespread use of zero-emission vehicles. If there were a national fund for the further development of these vehicles, the effort to eliminate gasoline vehicles would advance much faster. That is why a proposal for the federal government to raise the gasoline tax by $1 per gallon in order to fund further research and development of zero-emission vehicles sounds entirely plausible. If nothing more, it would be giant step in the effort to conserve our natural environment.

    Read More

  • Dissapearance of Civilization in Jared Diamond The Ends of the World as We Know Them

    779 Words  | 2 Pages

    America is threatened by the destruction of their own environment. United States is known for their innovation towards alternative energy like solar power, wind power and nuclear power. However , these alternative energies are not completely beneficial towards the United States.

    Read More

  • Unusual Climate Change

    1671 Words  | 4 Pages

    ..., we should cut the amount of car usage and instead of using petrol, using electricity. Instead of using nuclear plants for electricity, maybe we should use more wind turbines or find a solution that is more powerful that they are.

    Read More

  • The Importance Of The Sherman Antitrust Act

    1447 Words  | 3 Pages

    When these large companies have too much power, they are able to completely run the market based on their own agendas. Should smaller companies still exist, the larger firms are able to lower prices and absorb the loss from it where the other company would inevitably fail to compete with the low prices of the firm. Firms like Carnegie Steel and Standard Oil rightfully took advantage of the US free market at the time, but once word of their predatory practices became publically known, these companies received penalties from the federal government.

    Read More

  • Should Cars be more Efficient

    2412 Words  | 5 Pages

    ...n the auto industry, the government, consumers, and environmentalists have indispensable roles to play in fulfilling this agenda. Though some opponents of this idea have cited a potential lack of a ready market, it is clear from the discussion that resources can be marshaled towards making new cars affordable. Efficient cars will promote clean and efficient transportation. Alternatives such as hybrid and electric vehicles and technologies such as aerodynamics and direct injection gas engines can be harnessed to make this venture a reality. The economy would benefit a great deal from saving a lot of money that goes into oil importation and many job opportunities would be created. The costs that have resulted from the impacts of global warming are an enormous burden to the economy. It would be a relief to the economy if more efficient cars are produced.

    Read More

  • Alert System Persuasive Essay

    837 Words  | 2 Pages

    The 21st century is heavily reliant on burning of fossil fuels, from fueling airplanes, to cars, all the way down to factories. Although the burning of these fuels is helping us advance, it is also harming the planet in ways that no one can imagine. With the planet using over 82.4 million barrels of fossil fuels being used each and every day, there is a need for change, fast. Society must adapt and change in order to successfully preserve the planet, because as of now it is our only home. You might be thinking how one might solve the issue at hand, this is quite simple actually.

    Read More

  • Persuasive Speech: Solar Power

    1587 Words  | 4 Pages

    Significance: The United States must face the fact that the world is running out of oil and with today’s rising oil prices, economic and political instability in regions where the United States gets the majority of its oil, this country must begin looking into alternative means of energy to replace oil and end our dependence on foreign powers.

    Read More

  • Coal Mining Pros And Cons

    889 Words  | 2 Pages

    People can also reduce the use of fossil fuels by doing simple things for instance switching off lights and appliances when leaving the room. Walking or cycling instead of driving a car or use public transport for maybe longer journeys. Little things like this will make a big difference, making our planet a better place.

    Read More

  • Government Intervention In National Markets

    1175 Words  | 3 Pages

    Angola's socialist turned capitalist market is full of such regulated areas where government intervened directly much to the disarray of the market. I can remember a time when you couldn't import tires into the country because Mabor the country's tire producing factory had the monopoly of the tire market. If a private company wanted to import tires they had to require an authorization from Mabor, which would result more than often in it being denied, or a request for a commission on the import wasn't uncommon either.

    Read More

More about Government Regulation In The US

Open Document