a compromise for the future essays

a compromise for the future essays As America enters the new millennium, our nation faces an enormous challenge. This challenge is to enable the economic expansion of recent years to continue and to reach even higher levels of prosperity. In order for this to happen, many factors will have to be examined and new policies must be implemented that will help the economy strive. In an era that has seen many changes in the regulatory policies of the American government, the future must hold an atmosphere of open-mindedness that will encourage cooperation between the major industries and those people on capital hill. They will decide what direction regulatory policies will travel towards in the new century. In the past, U.S. policy towards big industry has been aimed at giving the average consumer an edge against those companies that seek to reap the profits of business by digging deep into the pocket books of Americans. The first industry to be targeted by regulatory policies was the railroad industry. Starting with the creation of the Interstate Commerce Commission in 1887, the government decided to try and prevent the monopolistic exploitation of passengers by limiting fares and routes as well as entrance into the market. At the time, there were no interstate highways, no buses, and no airplanes to compete with the railroad companies. A century later, this became a matter for deregulation because railroads were not able to compete with these alternate forms of transportation that arose. The evolution of the railroad industry, as well as the regulations imposed on it, are perfect examples of why policy makers need to have an open mind when deciding on today's regulat ory policies. We live in a time that is witnessing an unprecedented surge in technology and innovation. Therefore, thinking about regulating, or for that matter deregulating industry, should not be taken lightly. As the 21st century begin ...