To What Extend Should Government Regulate The Private Sector To Protect The Public Interest?


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• Government should respect the private sector in order to allow a proper capitalist economy to operate. If the government intervenes to much innovation and initiative will discontinue and the economy will be unable to flourish. Many privet business believe that it is the buyers fault if they but a faulty product. However government must intervene with the private sector in order to protect the public. Often consumers will cut corners in order to reach more profit and produce a product that is faulty and could potentially harm the consumer(demand side). The government must also prevent the private sectors from owning and profiting off of simple services like water, energy, education and health care. The government must also have regulations on businesses owning monopolies.

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