I believe that self regulation and government regulatory agencies need each other to work efficiently. Self regulation is defined as control by oneself or itself, as in an economy, business organization,etc., especially such control as exercised independently of governmental supervision or laws. Government regulatory agencies do their job by making sure the business environment is fair, allowing room for companies to have their own morals, rules, and ways of running themselves. If we did not have government regulatory agencies there would not be a nation or world wide set of ground rules everyone is expected to follow. If we did not have self regulation, it would not allow organizations to be different from one another or have the freedom they need to succeed.
Does anyone know of an organization that relies on strictly government regulatory agencies?
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