the.com/deregulation
Government stops watching so the market can finally show its true face.
means The act of removing government rules and oversight from an industry or market, loosening controls that previously governed how it could operate.
from Built from the prefix 'de-' (undoing, removal) plus 'regulation,' from Latin 'regula' meaning a rule or straight stick used for measuring — the same root that gives us 'regular.' 'Regulation' as a term for government rule-making took hold in economic and legal language particularly through the 20th century, and 'deregulation' emerged as its natural opposite once governments had regulatory bodies worth dismantling — a word that couldn't exist until the thing it undoes was already firmly built.
- origin
- gained steam under reagan and thatcher in the 1980s
- airline case
- us airfares fell, but service and routes got messier
- 2008 link
- loosened banking rules preceded the financial crisis
- always framed
- as freedom, rarely as who absorbs the risk