Learn About The Magic Word – PREEMPTION

On By southwerkIn business ethics, Capitalism, Economic measurement, ethics, Government Failure

Preemption is a legal device that gets rid of state regulation by replacing it with federal regulation. Without preemption, a corporation might have to be worried about multiple lawsuits and criminal prosecutions. By preempting the states, the feds make state regulation of corporations impossible.

One thought on “Learn About The Magic Word – PREEMPTION”

  1. Andrew's avatar Andrew

    That word sucks. Now that corporations can spill as much money into campaign contributions as they want (thanks a lot Supreme Court), I think we will be seeing more and more of this.

    Like

Comments are closed.