Do you believe self regulation is more or less effective than governmental regulatory agencies?
Though I believe that governmental regulatory agencies are needed, I believe that self regulation is more effective. Even though company's know that something is illegal, some may still do it anyway if it means they would make a profit. Self regulatory has more influence on company's because it creates an internal conflict that comes down to ethics and values. I think a person is more likely to listen to their gut or head before they listen to the law, specifically when wealth is involved. Though this is not an example with a company, it is an example that most college students would understand. When you hear a song you like and want to put it on your iPod for later or maybe you want to watch a TV show that isn't on Netflix, where do you find the song or the complete TV series? I highly doubt you bought the song on iTunes or went to Walmart to buy each season of the TV show. Most people illegally download music, TV shows, movies, and more online. The following image contains statistics from 2011 on illegal downloading. This clearly shows that people all around the world do not listen to the law when concerned about piracy. People don't want to pay $2 for a 2 minute song or $40-50 for each season of a 7 season TV series. This would be similar to a company not wanting to pay for an appropriate way to dispose of harmful waste because it is expensive so they just dump it in a landfill or into the ocean. Some people do not take part in these things because of their self regulation however not all do. What are some companies that actually do follow governmental regulatory agencies?
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