Do you believe self regulation is more or less effective than governmental regulatory agencies?

To answered asked question about whether self regulation is more or less effective I would have to say more at individual levels we have a better understanding of what needs to be regulated in our markets. We as the individuals have a scope on what needs to be regulated and what doesn't  On the same hand this may lead to some regulations that are unfair to customers, the government regulations are their to protect the consumers of your business  For me though having your own say in how your business is regulated is important but you loss out on the trust with the self regulation.