Is business drowning in a new regulatory tide?

Article Abstract:

Government regulation of business has been increasing since the beginning of the Bush administration and the reassertion of Democratic control in Congress. Federal controls increase costs to business, destroying jobs and raising prices for consumers. According to Thomas Hopkins, formerly of the Office of Management and Budget, regulation costs nearly $400 billion annually. The IRS' new pension rules forbidding discrimination against lower-wage employees and giving companies only four months to comply with new regulations are an example of the impact of Bush regulations on the economy.

Economic policy, Industry regulations, Government regulation of business, Trade regulation, Bush, George H.W.

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What business owes to cure society's woes

Article Abstract:

The move towards corporate social responsibility should be limited by reason. Businessmen should concentrate on doing their jobs and being good businessmen. They have a duty to respect people's rights but this does not extend to the point of promoting people's interests. Stated in terms of a concrete example, they have the duty to maintain safe plants but not to provide family leave. They can contribute to other goals if they desire to do so, but this is different from coercion.

Standards, Management, Business ethics, Corporate social responsibility

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Health care reform: a placebo may be the best remedy

Article Abstract:

The Clinton health reform plan places too much emphasis on the alleged evils of the pharmaceutical industry and not enough on helping those who do not have insurance. The drug-market is competitive enough to regulate costs on its own, especially with the growth of generic drugs. Most industry profits are used for research and development in creating new, and better, drugs. Tightening cost restrictions on the drug industry will hurt American medical care more than help it.

Analysis, Pharmaceutical industry, Health care reform, Pharmaceutical policy

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