LAW 534 Study Guide - Midterm Guide: Dofasco, False Advertising, Insider Trading

• School: Ryerson University
• Department: Law and Business
• Course: LAW 534
• Professor: Gil Lan

Document Summary

Regulation enacted to protect the vulnerable (women, children, men who worked long hours) with out regulation many would have died. Regulatory offences still work to protect people today. Recognized govern(cid:373)e(cid:374)t does(cid:374)"t (cid:374)eed to (cid:271)e i(cid:374)(cid:448)ol(cid:448)ed i(cid:374) e(cid:448)e(cid:396)ythi(cid:374)g. (cid:894)ex. Hospital (cid:272)afete(cid:396)ia (cid:272)ould (cid:272)o(cid:374)t(cid:396)a(cid:272)t out to the p(cid:396)i(cid:448)ate sector) Milestone and van zwanenberg argued private sector failed bc private sector knew less than all government agencies combined. Showed necessity for government regulation in food (wake up call for requiring independent scientific risk assessment. 7 deaths 2300 ill. failure of risk management ((cid:449)ith p(cid:396)i(cid:448)atizatio(cid:374)(cid:895) go(cid:448)e(cid:396)(cid:374)(cid:373)e(cid:374)t did(cid:374)"t (cid:396)egulate e(cid:374)(cid:448)io(cid:396) la(cid:271)s. ti(cid:373)eli(cid:374)e (cid:272)ut f(cid:396)o(cid:373)(cid:1005)-2yrs to 2 months. 1)privatizations should be accompanied by appropriate regulations in some fields. Government should not leave the field but rather become a referee instead of a player. 2)more defence should be paid to the scientific experts. When human life is at stake expert risk analysis should inform debate.