This study asks a question: 'When and why does the government strengthen or lessen the regulatory policy on the big business corporations?' It focuses on the effects of the periodical presidential elections on the regulatory policy against big busines...
This study asks a question: 'When and why does the government strengthen or lessen the regulatory policy on the big business corporations?' It focuses on the effects of the periodical presidential elections on the regulatory policy against big business corporations. The hypothesis to be tested is 'the presidential elections tend to strengthen the regulatory policy on the big business corporation.' Specifically speaking, the presidential elections reformulates the relationship between the government and business corporations from equal to a more unequal one, and this relationship continues until the economy declines. This unequal relationship, which is basically government-dominating, gives the government the political opportunity to regulate business corporations. However, when the economy declines, a new government-business relationship emerges, which is more equal in nature, and the business corporations seek regulatory reform.