5 Examples of Excessive (or Inadequate) Governmental Regulation
5 Examples of Excessive (or Inadequate) Governmental Regulation

To most, the thought of government regulation is about as attractive as the thought of an IRS audit.

It’s easy to vilify our rule enforcers because they cite us for speeding and require us to follow building codes. Moreover, the use of that fear has formed the basis for a rallying cry of those largest American entities: corporations

Corporations lose money if they are forced to abide by laws, codes, rules and “regulations” regarding their practices. Oftentimes these practices affect the environment, workers’ safety and consumer safety.

5 Examples of Regulations

A common political complaint is that we are “over regulated.” But check out the following five illustrations of what may be considered examples of the weakest regulation by the federal government of corporate America that money can buy:

  1. Wall Street: Lack of regulation of large financial institutions who have destroyed our nation’s economy.
  2. Big Oil Companies: Failure of regulation and oversight of these mammoth corporations led to the largest oil spill in the Gulf of Mexico in our nation’s history, and deaths of 11 people.
  3. Coal Mining: Ineffective regulation continues to result in the loss of tremendous numbers of lives in numerous mine explosions.
  4. Pharmaceuticals: Weak/absent regulation allowing dangerous drugs such as Vioxx to be put on the market has taken countless lives.
  5. Imports: The failure to regulate foreign products coming into the United States causes tremendous safety and health problems for consumers.

Tsunami of Warnings

Has federal regulation been adequate in supervising our nuclear power industry, or will we find out the hard way?

It’s understandable that politicians will succumb to tremendous efforts on behalf of these industries and accept the unlimited contributions of capitol on their campaigns. But what is the cost of the aftermath of inadequate regulation?

Our firm has been handling personal injury cases throughout the California Low Desert and High Desert communities for over 30 years. With a 95% success rate, the California personal injury attorneys at Walter Clark Legal Group will fight to hold those responsible for your loss accountable and win compensation to cover medical bills, lost wages, and pain and suffering. If you have been injured and want to discuss your legal options, contact us today for a free consultation with an experienced personal injury lawyer. We have offices in Indio, Rancho Mirage, Victorville, and Yucca Valley and represent clients through the entire California Low Desert and High Desert communities.

DISCLAIMER: The Walter Clark Legal Group blog is intended for general information purposes only and is not intended as legal or medical advice. References to laws are based on general legal practices and vary by location. Information reported comes from secondary news sources. We do handle these types of cases, but whether or not the individuals and/or loved ones involved in these accidents choose to be represented by a law firm is a personal choice we respect. Should you find any of the information incorrect, we welcome you to contact us with corrections.

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