claims? Yes. Laissez faire is an extreme view that fails to consider the serious harms
that business would do―to other businesses and to the society―if left to its own
devices. And the harms may very well exceed the benefits. In fact, history has shown
that left entirely to themselves, corporations can be expected not only to harm the
society by making unsafe products and by polluting the environment, but also to cheat
one another, exploit workers, and fix prices -all for profits sake. Thus, I agree that
government constraints on business are necessary burdens.
Ideally, the government should regulate against harmful practices but not interfere
with the beneficial ones. But achieving this balance is not a simple matter. For instance,
I know of a business that was forced by government regulation of toxic effluents to
spend over $120,000 to clean up an area outside of its plant where employees had
regularly washed their hands. The toxin in this case was nothing more than
biodegradable soap. This example suggests that perhaps the real issue here is not
whether government is a necessary burden on business―for it clearly is―but rather
how best to ensure that its burdens dont outweigh its benefits.
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