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Law, Business and Society 11th Edition by Tony McAdams
Edition 11ISBN: 978-0078023866Law, Business and Society 11th Edition by Tony McAdams
Edition 11ISBN: 978-0078023866 Exercise 33
Steroids
The steroid scandal in baseball allegedly involving Roger Clemens, Bany Bonds, Jason Giambi, and other major league stars led the The Des Moines Register to argue for the value of regulation: Businesses forever complain about being regulated, but the truth is that reasonable regulation is good for business. It's easier to sell insurance to people who know regulators are helping keep the insurance companies solvent. It's easier to sell stocks to investors who think the SEC is on the job and easier to sell food to shoppers who trust the labels the FDA requires. Name an industry, and a case can be made that regulation helps it.
Unfortunately, the barons of baseball never figured that out. The owners and players in big-league baseball resisted any regulation of performance-enhancing chemicals in their business.
* * * * Baseball had slipped in the affections of many Americans even before the scandal. Now, it's doubtful the sport can ever reclaim its good name.
Question
In your view, should the government regulate performance-enhancing drug use in sports, or will self-regulation by the sports be sufficient
The steroid scandal in baseball allegedly involving Roger Clemens, Bany Bonds, Jason Giambi, and other major league stars led the The Des Moines Register to argue for the value of regulation: Businesses forever complain about being regulated, but the truth is that reasonable regulation is good for business. It's easier to sell insurance to people who know regulators are helping keep the insurance companies solvent. It's easier to sell stocks to investors who think the SEC is on the job and easier to sell food to shoppers who trust the labels the FDA requires. Name an industry, and a case can be made that regulation helps it.
Unfortunately, the barons of baseball never figured that out. The owners and players in big-league baseball resisted any regulation of performance-enhancing chemicals in their business.
* * * * Baseball had slipped in the affections of many Americans even before the scandal. Now, it's doubtful the sport can ever reclaim its good name.
Question
In your view, should the government regulate performance-enhancing drug use in sports, or will self-regulation by the sports be sufficient
Explanation
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Law, Business and Society 11th Edition by Tony McAdams
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