Government Regulations have only existed and been implemented in a relatively short amount of time. Since then many companies have become more environmentally, socially, and ethically conscious. Do you think there will ever be a time when we won't need government regulations? Why?
Colin brings up many good points. companies do have the ability to asses themselves a regulate themselves better then the government. there are also many companies like Halliburton that refuse to obey regulations even when faced with penalties. However as colin pointed out since government regulation acts have taken place we have seen an increase in CSR in all areas. government regulation cannot truly force everyone to comply, however even if they only stop a few companies form hurting the environment, or taking advantage of consumers they are doing some good. as far as to whether or not there will be a time where nor government regulation is needed I'm not sure it will come. many people can be trusted to do the right thing, however there as those, that as long as it is profitable, will take advantage and break the rules. unless we can all corruption and greed government regulatory agencies will be needed.
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