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Should Independent Regulatory Commissions protect consumers or regulate business?

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Answer

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03/28/2015

Independent regulatory commissions can perform both duties of regulating business and protecting consumers. In fact, ideally this should be the goal which in fact helps everyone in society. As an example, if a regulatory commission has been appointed by the Environmental Protection Agency to insure that beaches are not adversely affected by any pollution from a factory the commission may find that a small amount of unnecessary pollution is damaging a nearby swimming beach. By the results of this investigation, beaches are kept cleaner, and the factory emits less pollution it's clear everyone benefits. The public which now has cleaner beaches, the factory which even if fined, regains its reputation, added to the factory workers who may use this same beach everyone wins.