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Governments should not be responsible for regulating business and organiztions. Society will benefit more if the business and organizations establish and regulate themselves in own standard.
The passage asserts that governments should not interfere with the business organizations and reasons that society will benefit more if the business organizations establish their own standards. To some extent, I agree with the statements because a lot research has shown that free market could help stimulate the economic development. However, the author extends this board statements to an irreversible extreme that over looked some compelling factors may affect this issue. On balance, my point of view will involve several explanations as below.
On the one hand, I admitthat this statement, although suffers some obvious drawbacks, has some merits primarily in the nature of economic development. Fee economic competition can effectively adjust according to the market. A lot of government owned company bankrupt due to poor management or wrong market direction. On the opposite, business organizations without government control could make wise market strategies and properly managed to achieve profit. For example, a lot of Chinese government companies has bankrupt recently and are look for the help from outside. The reason is that before the open policy in 1980s, the products produced mainly for internal need. Local government could control the diversity of the products according to local population. However, after the open policy, the competition came from all over the world, and the customers are spread every corner of the world. In the case the local government could not control the demand and supply. Therefore some companies are facing difficulties due to poor market strategy and management skills.
On the other hand, an applicable choice should consider different aspects of the issue as sufficient as possible. As stated above, the author exaggerates the statement that society could benefit more if business organizations establish their oven regulations. First, appropriate government control could provide business organizations a better environment. For example, in order to stimulate the economic increase in certain area, the government could provide tax free policy to attract investment. Second, government control could adjust the development of diversities of industry to satisfy needs' of the society. In order to control certain high profit industry, such as real state, the government could set regulations to control the price to avoid society problems. For example, if rich people control most property in certain area, and then those people could control and price to make high profit while others are still struggling.Accordingly, I tend to concede that when it comes to concrete issues, the statement is partially appropriate.
To conclude, no single factor could affect more economic increase and society than free business competition, and none could deeply affect by the deposition of government appropriate interference. Business organizations could establish and regulate themselves in terms of how to run the business properly, and at the same time the government could decide the diversity of business type and provide certain regulations to make sure the free competition between different organizations are equal.
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