I think that a _proper_ definition of "deregulation" is "completely removing regulation." Anything short of that is "partial deregulaiton."
I think that many people act as if and/or think that a proper definition of "deregulation" is "reducing regulation."
However, I see no point in arguing about definitions. I propose that we just use the terms "complete deregulation" and "partial deregulation" from here on out, so as to be non-ambiguous.
Given this, let me state my stance on partial deregulation. I thought about stating it earlier, but it seemed just barely too tangential.
I think partial deregulation is often much worse than regulation.
For example, regulation may take the form of "Cable company X has the exclusive right to lay coaxial cable in our city. In return, cable company X must allow our city to have our own special channel where we can post public announcements; and, it must lay wire to all areas of the city, regardless of income level; and, it must allow the city to set rates that subscribers can be charged."
Under partial deregulation, X may be allowed to set whatever rates it wants, but still have the exclusive right to lay coaxial cable. So, it can gouge customers.
In this case, partial deregulation didn't correct a situation in which the government was overstepping its bounds. It partially corrected it, and in doing so, made things worse.
I think this is overwhelmingly the kind of thing that happens with partial deregulation, and I think partial deregulation is overwhelmingly what happens these days when politicians talk about deregulation.
Sorry, I know you just wanted me to agree/disagree with your definition rather than adding a bunch of new intellectual content... but I figured the above would be helpful (and likely similar to what you were thinking).
>>>However, I see no point in arguing about definitions. I propose that we just use the terms "complete deregulation" and "partial deregulation" from here on out, so as to be non-ambiguous.
Agreed. All dictionaries disagree, but I'm not talking to any of them.
I believe that all reasonable people agree that history has shown that monopolies are inefficient in a capitalist system(see the 1920s for example). I feel that government-granted regulatory monopolies are also inefficient in a capitalist system. From your comments, I assume that you agree with both of these things, please let me know if you have a different view.
My understanding of the invention of regulations is this: Full deregulation of business seems like the best possible solution, until the point that companies become so big that they form monopolies that stifle competition. Then the government has to come in and regulate them until they are no longer monopolies. From your comments, I assume that you agree with this, let me know if you have different views.
I have to go eat but I have a comment written up about natural monopolies with relation to telcos ready to be edited and then posted.
Full deregulation of business seems like the best possible solution, until the point that companies become so big that they form monopolies that stifle competition. Then the government has to come in and regulate them until they are no longer monopolies. From your comments, I assume that you agree with this, let me know if you have different views.
Well, I don't think natural monopolies exist (as we discussed previously), only regulatory monopolies.
So, I don't think companies can become so big that they become natural monopolies.
I had written about some example cases that help support this (IBM, MS, Bell Telephone), but it was too long and probably not worth it, so I removed them.
I think that many people act as if and/or think that a proper definition of "deregulation" is "reducing regulation."
However, I see no point in arguing about definitions. I propose that we just use the terms "complete deregulation" and "partial deregulation" from here on out, so as to be non-ambiguous.
Given this, let me state my stance on partial deregulation. I thought about stating it earlier, but it seemed just barely too tangential.
I think partial deregulation is often much worse than regulation.
For example, regulation may take the form of "Cable company X has the exclusive right to lay coaxial cable in our city. In return, cable company X must allow our city to have our own special channel where we can post public announcements; and, it must lay wire to all areas of the city, regardless of income level; and, it must allow the city to set rates that subscribers can be charged."
Under partial deregulation, X may be allowed to set whatever rates it wants, but still have the exclusive right to lay coaxial cable. So, it can gouge customers.
In this case, partial deregulation didn't correct a situation in which the government was overstepping its bounds. It partially corrected it, and in doing so, made things worse.
I think this is overwhelmingly the kind of thing that happens with partial deregulation, and I think partial deregulation is overwhelmingly what happens these days when politicians talk about deregulation.
Sorry, I know you just wanted me to agree/disagree with your definition rather than adding a bunch of new intellectual content... but I figured the above would be helpful (and likely similar to what you were thinking).