What is a “Regulation” and How Does it Affect People?

 investment-advisor-regulation-870x276

There has been a lot of talk about getting rid of many regulations that corporations are required to follow in order to keep manufacturing in the U.S.  I recently listened to a story on NPR in which a linguist was speaking about the use of the word regulations, and why so many people seem to think that they are bad.

As I didn’t hear the entire conversation, I’ve come up with my own theory of why people seem to think a regulation is a “bad” thing.  The word itself sounds a lot like rule, and people don’t really like to follow rules in general.  That’s my take on the word.  However, a regulation when it comes to corporate practices is more like a protection.  And a protection is usually a good thing.  It is used to protect citizens from a variety of troublesome corporate actions.  The very reason that we have many of the protections that we do is due to the lack of corporate accountability in the past and the cancers, harm and deaths caused by those corporations.  Look into the past actions that unregulated and poorly regulated corporations have done that have destroyed citizen lives.  This is the link to the Superfund that keeps track and reports on both past actions and current actions of corporations.  https://www.epa.gov/superfund

cefac11f596aeaf12d650576232b8657

Understanding that most regulations are imposed in order to keep citizens safe and healthy, it is beyond my understanding why a great many people seem to think a regulation is a bad thing.  They are law in order to protect citizens from a corporation whose only reason for being is to make as much money regardless of the environmental, economic and human cost.  A regulation is a protection from unmitigated greed.  Isn’t that a good thing?

 

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s