econ

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29 , 07 , 2010

Regulation

Introduction

This paper discusses the regulation policy adopted by the government of United States and is based on the article titled Can regulation beget innovation ? The article was written by Steven Pearlstein and it was published in the Washington Post issue of July 27 , 2010 . The author discusses the regulation policy of the American government for the business enterprises and whether certain regulatory laws can actually help businesses in being

innovative rather than restrict business operations

Summary

Steven Pearlstein in his article Can regulation beget innovation talks about the common complaint of business lobbies in United States about the lack of clarity found in the federal regulations that prevent the corporations from making major investments . Steven further describes in his article about the business groups that vehemently oppose any attempt from the government or regulators to bring laws aimed at restricting businesses activities that cause damage to the environment These business groups are always found opposing any climate change legislation that sets plant specific targets for carbon reductions or sets standards for utilities as to how much of the power should be produced from low-carbons sources . Steven criticizes the corporate bodies and industry lobbyists of their hypocritical behavior to dictate their terms when it comes to enforcing regulations (Pearlstein

According to Steven , the business community wants every regulation to be a subject to a cost-benefit analysis rather than the overall good to...