Unregulated businesses have greater potentials to thrive, as they did during the laissez-faire capitalism. However, the excess of freedom can also sanction corporate corruptions in societies. Hence, ethical business practices have been imposed on businesses in order to protect consumer rights. Although such laws are essential to the wellbeing of consumers and societies, they are not always fair for some businesses. For instance, Canada’s Anti-Spam Legislation (CASL) illegalized the unwanted and spam commercial electronic messages on July 1, 2014. Furthermore, it obliged businesses to earn legal consent before using any means of electronic media to publicize or promote their products or services.

Although this law is essential to abate, if not eliminate, e-frauds, it still pressurizes smaller businesses more than larger corporations. All the businesses received a deadline of six months to prepare for the execution of CASL. Unfortunately, the smaller businesses lacked the technology and budget required to alter their marketing strategies within that time span. On the contrary, large corporations had better resources available to adjust their strategies parallel to the new regulation.

Conclusively, the impact of business laws could be debatable: they promote consumer rights and endorse fairer practices, but they also give larger corporations a stronger competitive advantage over smaller businesses.

Citations

“New Anti-spam Law.” The Globe and Mail. N.p., 24 Mar. 2014. Web. 30 Sept. 2014.

“The 45-Minute MBA: Business Law.” Margin of Excellence RSS. N.p., n.d. Web. 30 Sept. 2014.