Search results
Results From The WOW.Com Content Network
Industries then use regulation to serve their own interests, at the expense of the consumer. A similar pattern has been seen with the deregulation process itself, often effectively controlled by regulated industries through lobbying. Such political forces, however, exist in many other forms for other lobby groups. [citation needed]
Nvidia, which controls more than 90% of the U.S. AI chip industry, blasted the Biden Administration in a statement, arguing that the restrictions would hand market share to China.
Nuclear power is a textbook example of the problem of "regulatory capture" – in which an industry gains control of an agency meant to regulate it. Regulatory capture can be countered only by vigorous public scrutiny and Congressional oversight, but in the 32 years since Three Mile Island, interest in nuclear regulation has declined precipitously.
President Jimmy Carter signs the Staggers Rail Act into law on October 14, 1980. Representative Harley O. Staggers, sponsor of the bill, stands to the president's right.. The Staggers Rail Act of 1980 is a United States federal law that deregulated the American railroad industry to a significant extent, and it replaced the regulatory structure that had existed since the Interstate Commerce Act ...
Deregulation may represent trends in some industries (notably finance), but more regulation is the general trend beyond that characterize modern and post-modern capitalism alike. [2] Regulation, which refers to rule making and rule enforcement, is in this interpretation an instrument of organizations—states, business, civil and hybrid and is ...
The Deregulation and Contracting Out Act 1994 [1] (c. 40) is an Act of Parliament. It introduced wide-ranging measures with aims including reducing burdens on people in trade created by previous acts such as the Shops Act 1950 , changes in transport legislation, changes in utility legislation, and changes in financial services, among others.
A de-licensing process through which an organization or person, if judged to be operating unsafely, is ordered to stop or suffer a penalty. Not all types of regulation are government-mandated, so some professional industries and corporations choose to adopt self-regulating models. [1]
In these industries, we must strive to create a regulatory climate which relies on competitive forces, rather than on inflexible and bureaucratic directives of Federal agencies, to determine which firm will provide the desired transportation services and at what price. The time has come to place greater reliance on market competition.