In Response to Jake Atherton's Post

Wouldn't a company feel more in control following it's own regulations, rather than the governments?

Although a company would feel more in control following it's own regulations, if these were the only regulations that the company had to follow, it is possible that these would be incredibly biased based off of the companies wants and needs, and thus be skewed and corrupt, catering to these needs and ignoring equally important issues that would hinder the profitability of the corporation. Nevertheless, both types of regulation keep a healthy balance.

Self Regulation vs. Governmental Regulation

Do you believe self regulation is more or less effective than governmental regulatory agencies? Why?

In terms of self regulation, I really think that it depends on the circumstance. Matters that involve legality and strict laws that help keep things safe, especially for the general public, should be both self regulated by organizations and by the government. However, there will always be loopholes for organizations to exploit within government regulation. Self regulation is at the discretion of the company itself, and is therefore more accurate. Yet of course, there will always be a need for governments to regulate things, in order to keep things just.