Research Paper Example | Topics and Well Written Essays - 2250 words - 3

Research Paper Example The most recent statistics related to cyber bullying have pointed to a very worrying social trend that is associated with the social media usage. According to the 2014 cyber bullying statistics, 70% of the youths globally are being bullied through social media, while 37% of them are experiencing highly frequent bullying (Bullyingstatistics.org, n.p.). Additionally, according to a recent report released by the joint task force of the Department of Education and Skills (DES) and the National Office for Suicide Prevention (NOSP), the victims of social media bullying are increasingly showing signs of poor peer relationships, increased anxiety, poor academic performance, psychological instabilities, self-harm tendencies and suicidal thoughts (Gleeson, 5). Nevertheless, it is not only the victims who are negatively affected, since the cyber bullies are increasingly showing behavioral anomalies. The statistics on the effects of social media bullying are even running from alarming to totally terrifying. For example, the recent data on the implications of social media bullying, such as the one reported by the Megan Meier Foundation, indicated that 29% of the social media bullying victims, and 38% of the frequently cyber-bullied victims reported either suicidal thoughts or suicidal attempts (Megan Meier Foundation, n.p.). The stroke that breaks the camel’s back is the evidence that suicide ranks as the third leading cause of death for young people between the age of 15-24 years (Megan Meier Foundation, n.p.). It is when such realities start to dawn on the society that the society finally realizes that a tool that was first meant to enhance social welfare, can turn into a destructive social weapon, which eats the society from within , in a manner that cannot be easily mitigated. At this point it becomes necessary to pause and ask; why is social media bullying such and pandemic for the modern society? The answer to this question is that statistics

Is regulation really necessary, or can all the benefits claimed for it Essay

Is regulation really necessary, or can all the benefits claimed for it be achieved through the promotion of competition alone - Essay Example National governments may regulate for a variety of reasons, including re-election and influence from economically powerful houses (Baldwin, Cave, and Lodge, 2012:16). Governments may also technically justify regulations, thus the general assumption that the regulation was in the context of public interest. However, most rationales presented are instances of market failure, thus regulation is initiated, as the uncontrollable market will produce results or behaviors against public interest. Other scenarios may present issues of market absence, or an ineffective market. One of the advancing and developing industries in the global economy is information and communication technology (ICT). The rapid growth of ICT presents concern over regulation and the possibilities of eliminating market failures, thus the rise of such regulatory bodies like the Federal Communication Commission in the US. In summary, regulation is better than competition in safeguarding public interest. Among the theory favoring regulation, include public interest theory, private interest theory, and interest groups theory. According to the public interest theory as argued by Baldwin, Cave, and Lodge, in their 2012 publication, the rationale behind regulation is to benefit and protect the public at large. The theory capitalizes on potential market failures such as monopolistic powers, externalities, asymmetric information, and strategic behaviors. It thus creates the ideology that consumers need protection from market failures and business abuses, with the assumption that regulation serves the best interests of the public through restricting potentially harmful business behaviors (Baldwin, Cave, and Lodge, 2012:164). The interest groups theory suggests that there is need for regulation for the interests of stakeholders, while the private interest theory seeks to safeguard the interest of private inte rest groups in regulation.