Topic > Private Sector Case Analysis - 711

3. Should the government intervene in setting standards to increase safety and help the environment? Or should private industry take on this role? I think that the government taking on a regulatory role can be very beneficial for both public and private entities. An appropriate example can be found in transport policy. The text describes a scenario on page 73 in which the private sector is unable to develop a transcontinental highway. “Efficient rail and highway routes require government assistance to secure land for private owners; if the government did not assert its power of expropriation, the routes would be rather tortuous and inefficient.” In this case government intervention is the right idea. As the text states, “the public body is concerned about the costs and benefits for all parties affected by the project”. I'm not sure that there is always one point of view that turns out to be correct compared to another. I'm relatively sure that a middle ground is often what many in the private sector aspire to. Government regulations are intended to help more than just one entity; the greater good, so to speak. As the above example of highway development describes,