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Laissez Faire And The Epa/Sec

Essay by   •  December 11, 2010  •  522 Words (3 Pages)  •  1,371 Views

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The laissez faire view on what is good for the public is a well-known platform used by many a republican. Laissez faire is all about the idea that what is best for business is best for everyone, and the market can fix any social issues that may arise. In essence people who but their faith in laissez faire think that the government should keeps its hands far away from business. The government should not force business to do anything that would not increase the company profit, or increase fiat without any increase in productivity. But there are some cases when the supporters of laissez faire are in favor of government intervention for the sake of fairness.

A relatively new agency the EPA was formed on December 2, 1970 with a mission to "protect human health and the environment. Since then the EPA has been working for a cleaner, healthier environment for the American people. The EPA works to develop and enforce regulations that will eventually become environmental laws. It is also responsible for researching and setting national standards for a variety of environmental programs. A second very important aspect of the EPA is that it offers financial assistance, in fact between 40 and 50 percent of EPA's enacted budgets have provided direct support through grants. Environmental research is yet another program that the EPA uses identify, understand, and solve current and future environmental problems. Three other important responsibilities of the EPA is to sponsor voluntary partnerships and programs, further environmental education and publish information.

The SEC came about in a time of great turmoil, after the market crash in 1929 the government knew they need to take some sort of action to protect the public from a travesty like that ever happening again. So Congress passed the Securities Act of 1933 and the Securities Exchange Act of 1934. These laws were designed to restore investor confidence in the market by providing more structure and

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