A Fragmented Future
From Principles to Fragmentation
Business regulation has been driven over the last century by the need to balance business freedom and consumer safety. Over time, dramatic changes in social and economic imperatives have been integrated into this balancing act. What has emerged is a set of basic principles for business regulation. The successive introduction of each principle reflected either a fundamental societal force or a specific crisis produced by business performance at the time. We are now at a stage where these principles are well established in the regulatory framework, with wide popular acceptance.