Which Industries Should Be More or Less Regulated?

March 30, 2004
A new Harris Poll finds that health insurance, managed care, pharmaceuticals and the oil industry top the list for more regulation, while computer hardware and software and supermarkets seen as least in need of more regulation.

Public attitudes to government regulation of business are complex, to say the least. The same people who are critical of government regulation in general often favor tougher regulation related to health, safety or environmental issues. It is also clear from a new Harris Poll that whatever people's attitudes are to government regulation in general, they see huge differences among different industries. Majorities of the public think that three industries should be more regulated than they are now: health insurance (56 percent), managed care (55 percent) and pharmaceuticals (55 percent). Next on the list comes the oil industry, which 48 percent believe needs more regulation.

Although few people surveyed said they want more regulation of most industries, very few people thought any one of them should be less regulated. Indeed, more than half (57 percent) of all adults thought that none of the 15 industries included in the survey should be less regulated.

The survey found that some industries are seen as generally more trustworthy than others, though a third of all adults (32 percent) said they would not believe statements made by any of these industries to be honest and trustworthy. The industries trusted more are generally the same ones people feel the least need to regulate: supermarkets (42 percent), banks (40 percent), hospitals (35 percent) and computer hardware (29 percent) and software companies (25 percent). The industries trusted the least are oil companies (4 percent), tobacco companies (4 percent), managed care (5 percent) and health insurance (9 percent).

About the Author

Sandy Smith

Sandy Smith is the former content director of EHS Today, and is currently the EHSQ content & community lead at Intelex Technologies Inc. She has written about occupational safety and health and environmental issues since 1990.

Sponsored Recommendations

Managing Subcontractor Risks: Ensuring Compliance and Mitigating Disruptions in Complex Supply Chains

Sept. 26, 2024
Learn how to manage subcontractor risks and ensure compliance in complex supply chains. Explore best practices for risk mitigation, communication, and accountability.

Navigating ESG Risk in Your Supply Chain

Sept. 26, 2024
Discover the role of ESG in supply chains, from reducing carbon footprints to complying with new regulations and enhancing long-term business value.

Understanding ESG Risks in the Supply Chain

Sept. 26, 2024
Understand the critical role of ESG in supply chains, the risks for hiring companies, and the competitive edge suppliers gain by prioritizing sustainability.

Best Practices for Managing Subcontractor Risk

Sept. 26, 2024
Discover how to effectively manage subcontractor risk with unified strategies, enhanced oversight, and clear communication for consistent safety and compliance.

Voice your opinion!

To join the conversation, and become an exclusive member of EHS Today, create an account today!