"Do you believe self regulation is more or less effective than governmental regulatory agencies? Why?"
I don't believe that the self regulation is as effective as government regulatory agencies. Most organizations tend to act in their own interest, so if there wasn't any rules set by an entity outside of the organization, many would continue harmful practices towards the environment and/or people. Such an example of this is that of the minimum wage. While there are some critics of minimum of wage say that raising the minimum wage will make companies go offshore but the minimum wage isn't even sufficient for one to support themselves living alone. One can imagine the wage that less than scrupulous companies would pay without these laws in place given that some companies exploit cheaper labor elsewhere. Do you think that companies in general would take advantage of no minimum wage in place to lower costs?
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