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Government involvement in business
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Relationship between Government and Business in the United States
The government’s position is to ensure that citizens do not suffer harm resulting from business operations, such as selling tainted food or preparing foods in unsanitary conditions, causing ecological harm, or dealing unscrupulously in financial matters. As the government grows, government regulation, taxation, and spending has been beneficial for businesses (Carney, 2006).
Businesses prefer the government eliminate regulates and government watchdogs so they can continue to operation in a fashion that would increase their profits. Most business leaders believe the government is excessively involvement with how businesses operate. A poll taken in 2005, found 90% of Americans believed that large businesses had great influence over the government. The CEO’s of large corporations are able to have personal meetings with senators and cabinet secretaries to discuss their position and influence their decision-making (Carney, 2006).
Since the Obama Administration, the government is interacting directly with businesses to ensure that they are being fiscally responsible so as not to negatively impact the American citizens. President Obama had to intervene on behalf of Wall Street, automotive companies and the banking industry by means of stimulus package to avoid an economic depression for the country. Both businesses and the government need to work together to ensure the citizens receive the greatest protection in all issues, to include health and safety, defense, economics and environmental protection. The relationship between government and business is crucial and critical if American is to remain successful. Government will have to lay aside its bipar...
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Federal Trade Commission, (n.d.). Protecting America’s consumers. Retrieved from http://
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Goodell, J. (2010). As the World Burns. Rolling Stone, 1096, 30-45, 62. http://search.proquest.
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Machan,T. (1988). Government regulation of business: The moral arguments. The Freeman,38
(7). Retrieved from http://www.thefreemanonline.org/columns/government-regulation-of
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Milkin Institute Global Conference (2009). The new relationship between government and
business. Retrieved from http://www.milkeninstitute.org/events/gcprogram.taf?function= detail&EvID=1957&eventid=gc09
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“the exercise of that authority is curbed and shaped by the concern of government officials for its possible adverse effects of business, since adverse effects can cause unemployment and other consequences that government officials are unwilling to accept. In other areas of public policy, the authority of government is again curbed and shaped by concern for possible adverse effects of business” (Lindblom page 178).
The growth of large corporations had impacted American politics by causing governmental corruption because of the power some industries had in society. Since the government had used laissez faire in the late 1800s for the big businesses to...
Regulating what the government should control and what they should not was one of the main arguments our founding fathers had to deal with when creating our nation, and to this day this regulation is one of the biggest issues in society. Yet, I doubt our founding fathers thought about the idea that the food industry could one day somewhat control our government, which is what we are now facing. Marion Nestles’ arguments in the book Food Politics: How the Food Industry Influences Nutrition and Health deal with how large food companies and government intertwine with one another. She uses many logical appeals and credible sources to make the audience understand the problem with this intermingling. In The Politics of Food author Geoffrey Cannon further discusses this fault but with more emotional appeals, by use of personal narratives. Together these writers make it dramatically understandable why this combination of the food industry and politics is such a lethal ordeal. However, in The Food Lobbyists, Harold D. Guither makes a different viewpoint on the food industry/government argument. In his text Guither speaks from a median unbiased standpoint, which allows the reader to determine his or her own opinions of the food industries impact on government, and vise versa.
Just as John Stuart Mill did in the Principles of Political Economy, Paul Krugman in The Return of Depression Economics and the Crisis of 2008 felt that the government should not only help American businesses gain profits, but also play a major role in protecting the people against big businesses and moguls. Krugman believes that the average citizen cann...
...s these corporate leaders have. The corporate community had no part in the conflict of government policies or major policy changes but on their behalf decide to affiliate spendings in the economy in times of disruption.
We often wonder about the importance of government. Is it necessary? Does it really benefit society? The answer is yes. Many countries have diverse forms of government such as totalitarian, monarchy, theocracy, and much more. The United States of America specifically runs a democratic type of government. A democratic government gives power to the people. Citizens over the age of eighteen are allowed to elect leaders based on their individual opinions through voting rights. The main purpose of the American government is, to protect people’s inalienable rights to life, liberty, property, and the pursuit of happiness as our Founding Fathers intended.
Corporations are thought to have utmost power on shaping how the United States is ran, whether economically, environmentally, or socially. Business dictates in this country how we live, where we live, and unfortunately, if the people of this country are to face good times or bad times. If the economy falters in the United States, which is the foundation of business, then this country will also falter. With this knowledge by big business, the corporations have corporate hegemony; the ability to wield power and the mold making influence on Congress to shape laws and design loopholes for these massive corporations to jump through just in case.
So far as the relationship between business and government was concerned, it was a time of laissez-faire, where government had very little to do with what business was doing. If as Calvin Coolidge said in the 1920’s, ‘the business of America is business,’ what did this mean for individuals, their rights and expectations?
According with the textbook and other internet sources, Milton Friedman described in his thesis that the main goal of a business is to generate gains or profits. As a result, several business have been using such thesis as a justification for some of the decisions they made. In the case of “A Civil Action” we had the two companies contaminating the little town water with chemicals used during the elaboration of their products. The use of trichloroethylene was apparently causing some of the children of the place to developed respiratory and other cancerous diseases such as leukemia. After the death of several children, people on town began to worry about the situation and everything pointed out ...
As Thomas Jefferson once wrote, the American government was founded for the people and by the people in order to protect and serve the people. Therefore the American Government needs to protect its people from unsafe working conditions, and it can do this by using money as a tool against Corporations who choose to put American citizen's health at risk. We as American citizens have a hand in American policies, and we can change what the government values by voting differently.
Philosophers have struggled with determining the proper role of government. In the absence of government and laws, people could do whatever they wanted, and some of them would try to slaughter others and steal their property. This is the state called anarchy. People have realized that the safety of the people and the country would be in jeopardy in such a state. Thus, it is necessary for a country to have a government and/or ruler. However, a ruler must not have absolute power nor lack authority. But the protection of the people and the country alone is not enough for a country to prosper. The property and the natural rights of the people and the government must also be protected. Thus, the proper role of government is to protect the people’s natural rights, their property, and the people themselves.
This is well pictured in document three, which depicts big businesses as big, fat businessmen sitting in the back of the Senate. Above the businessmen there is a sign that reads “This is a Senate of the monopolists and for the monopolists.” This was mostly true. For instance, the little regulation railroad companies faced despite the lower class begging for management due to the high shipping costs is a clear example of when the government was paid off. Big businesses also controlled the law. They could postpone trials, and even pardon corrupt criminals. This is thoroughly mentioned in document 1, in which McNeill states “He(the big businesses) can delay trial on a suit at law, and postpone judgement
Government was always on the side of big business which caused business owners to get away with anything. Workers were treated with no respect by businesses, and if workers were to ever strike, government would come in on the side of businesses making it impossible for workers to get what they were striking for. The government appreciated advancements in America, and that is exactly what businesses brought. Businesses urbanized the country which made it look fancy and new, although it was dirty and grimy in reality. Big businesses were a leading factor in new immigrants coming to America to live what they saw as “the American
The government should play a huge role in assuring food safety in the food industry. Government agencies are responsible for setting food safety standards, conducting inspections, ensuring that standards are met, and maintaining a strong enforcement program to deal with those who do not comply with standards. State and federal inspectors do not require the peanut industry to inform the government of salmonella contamination in its plants. The government simply doesn’t know what’s going on in these plants. The state of Georgia on the other hand is extremely underfunded and only has 60 inspectors to monitor 16,000 food businesses. The state of Georgia needs to tighten its food safety net. Georgia should prevent Delectables from selling contaminated products, otherwise a salmonella breakout will lead the state to an even bigger revenue deficit. The Government should fund Georgia so they can hire more inspectors to better handle these problems. It is also important for the government to stress the importance of social responsibility to companies like Delectables. As we saw in the Malden Mills case from class, Aaron Feurerstein, CEO of Malden Mills, was a patriot for social responsibility. He felt that it was his duty to take care of his employees to rebuild Malden Mills for the City of Lawrence. Delectables needs to make a commitment to work with employees and their families as well as the local community and society as a whole. Self-regulation is voluntary and is typically framed as a socially responsible industry practice that has consumer welfare as its central feature. A well-grounded self-regulatory system has distinct benefits: it conserves government resources and is less adversarial, more flexible, and timelier than government regulation. Risk occurs when promises are not fulfilled because of weak standards or ineffective enforcement, allowing companies to continue to serve their own interests at the expense of consumers. In the Delectables situation it is
The appropriate role of government in the economy consists of six major functions of interventions in the markets economy. Governments provide the legal and social framework, maintain competition, provide public goods and services, national defense, income and social welfare, correct for externalities, and stabilize the economy. The government also provides polices that help support the functioning of markets and policies to correct situations when the market fails. As well as, guiding the overall pace of economic activity, attempting to maintain steady growth, high levels of employment, and price stability. By applying the fiscal policy which adjusts spending and tax rates or monetary policy which manage the money supply and control the use of credit, it can slow down or speed up the economy's rate of growth in the process, affecting the level of prices and employment to increase or decrease.