Name one time that deregulation has worked without serious consequences and corruption.
Name:
Anonymous2011-08-10 7:30
The biggest assumnption with deregulation is companies will compete against each other and prices will fall while quality rises.
That never happens. Instead all the large corporations collude in "trade associations" to undermine and rape the free market, causing the exact opposite with even higher prices and poorer service.
At least half of what's wrong in our economy can be traced back to congress deregulating industries that in turn raped and pillaged their customers at will.