Sam wants to start up a business. She determines what she must do and obtains all the needed licensing and inspections required, and abides by local, state, and federal laws. As she expands her business, she hires qualified workers and abides by the required payroll laws that protect the worker.
Joe starts up a similar business that competes with Sam’s business, but he sneaks around the laws and only does what he has to do to not get caught. For code inspections he knows what they are looking for, and lies about what he is doing, so he avoids any government regulations that should apply to his business. As he expands his business, Jake pays people ‘under the table,’ to avoid paying taxes, doesn’t provide his employees with benefits, and doesn’t pay overtime. He warns the employees, that if they complain he’ll close down the business and they won’t have a job.
Which business will provide a more honest and trustworthy relationship with his/her customers? Which business provides good jobs? Which business will contribute more back to her/his community? Which business is more ethical? Which business will make more money?
The problem with business is that when the only rule is to make money, unethical practices will provide an advantage over the honest and ethical businessperson. Government regulation is established to create a level playing field for all corporations so that the honest businesses are not pushed out.
Government regulation and oversight of private business is not about crushing business, it is about saving business. It is empowering our citizens, through government employment, to serve as our protectors as workers and customers. It allows us to trust that a business is ethical and helping our nation.
That is why government regulation is demonized by unethical people who seek to take advantage of other citizens of the United States of America by swindling them out of money, abusing workers, bringing racism and discrimination into the workplace, and providing substandard and/or dangerous products and services.
Government regulation is not perfect, but until someone can find a better way of protecting the interests of our citizens, it is what we have, and it works.