Quotes & Sayings About Deregulation

Similar things are happening in Africa, here, and in Europe. The indignados in southern Europe and the Occupy movements here are in a sense similar, even if that are from different worlds. The protests are not against dictatorships but against the shredding of democratic systems and the consequences of the Western version of the neoliberal system, which has had structurally consistent effects for the past thirty years: a very narrow concentration of wealth in a fraction of 1 percent of the population, stagnation for a large part of the rest, deregulation, and repeated financial crises, each one harsher than the last. — Noam Chomsky

Some libertarians use the example of Drachten, a town in the Netherlands, in which a dream experiment was conducted. All street signs were removed. The deregulation led to an increase in safety, confirming the antifragility of attention at work, how it is whetted by a sense of danger and responsibility. As a result, many German and Dutch towns have reduced the number of street signs. We saw a version of the Drachten effect in Chapter 2 in the discussion of the automation of planes, which produces the exact opposite effect than what is intended by making pilots lose alertness. — Nassim Nicholas Taleb

Decades of corporate government deregulation and reduced funding of important government departments has the country well along the path to a lawless society. — Steven Magee

I like Ronald Reagan, who didn't play crass politics, and he just articulated and delivered on broad themes that were needed. Free markets meant free markets. Deregulation. Lower tax rates. Strong national defense. And he was credible and believable. — Dave Brat

With deregulation, privatisation, free trade, what we're seeing is yet another enclosure and, if you like, private taking of the commons. One of the things I find very interesting in our current debates is this concept of who creates wealth. That wealth is only created when it's owned privately. What would you call clean water, fresh air, a safe environment? Are they not a form of wealth? And why does it only become wealth when some entity puts a fence around it and declares it private property? Well, you know, that's not wealth creation. That's wealth usurpation. — Elaine Bernard

USA corporations are legally regulated by laws which their managers know are rarely enforced. This criminal activity is what the USA government calls: Deregulation. — Steven Magee

At the next General Election, voters face a clear choice: deregulation and less interference in everyday life with the Conservatives, or yet more regulation and interference under Mr Blair. — John Redwood

globalization, a grossly misnamed metaphor that disingenuously cloaked government deregulation and the privatization of public goods and services in the wrap of a new global "interconnectivity. — Jeremy Rifkin

Is human nature basically good or evil? No economist can embark upon his profession without considering this question, and yet they all seem to. And they all seem to think human nature is basically good, or they wouldn't be surprised by the effects of deregulation. — Jane Smiley

The rich control our politics to a huge extend. In return they get tax cuts and deregulation. It's been and is an amazing ride for the rich. — Jeffrey D. Sachs

So what are people actually referring to when they talk about "deregulation"? In ordinary usage, the word seems to mean "changing the regulatory structure in a way that I like. — David Graeber

On issue after issue, the polls - and these are not snapshot polls; these are polls over a consistent period of time - show that most Americans share what one could call core liberal or progressive values: investment in health care and education over tax cuts; fair trade over free trade; corporate accountability over deregulation; environmental protection over laissez-faire policies; defending Social Security and Medicare over privatizing them; raising the minimum wage over eliminating it. The country prefers progressive alternatives to the failed policies of the conservative right. — Katrina Vanden Heuvel

Since FDR's New Deal, corporations and wealthy families have been non-stop finding new ways to get tax breaks, deregulation and entitlements from the government. — Adam McKay

About the only policies that can't be referred to as "deregulation" are ones that aim to reverse some other policy that has already been labeled "deregulation," which means it's important, in playing the game, to have your policy labeled "deregulation" first. — David Graeber

I paid every effort to seek deregulation throughout FEDEX's start-up and expansion periods, because the biggest impediment to our growth was the government regulations that restricted new entry into the air cargo market. — Frederick W. Smith

For decades the G.O.P. has won elections by appealing to social and racial divisions, only to turn after each victory to deregulation and tax cuts for the wealthy - a process that reached its epitome when George W. Bush won re-election by posing as America's defender against gay married terrorists, then announced that he had a mandate to privatize Social Security. — Paul Krugman

A year earlier, no company had been accorded more faith than Enron; by late November, none was trusted less. And so, a gasping gurgle, a desperate SOS: Enron, the emblem of free markets, the champion of deregulation, reached into its depleted treasury and forked over $100,000 to each of the major political parties' campaign war chests. Then, it shuttered its online trading unit - its erstwhile gem. On November 28, Standard & Poor's downgraded Enron to junk-bond level - which triggered provisions in Enron's debt requiring it to immediately repay billions of its obligations. This it could not do. Its stock was seventy cents and falling, and, now, no gatekeepers and no credit remained. Accordingly, in the first week of December, Enron, the archetype of shareholder value, availed itself of the time-honored protection for those who have lost their credit: bankruptcy. — Roger Lowenstein

As a legal and economic instrument, the zone presides over a cocktail of enticements and legal exemptions that are sometimes mixed together with domestic civil laws, sometimes manipulated by business to create international law, and sometimes adopted by the nation in its entirety. Incentives vary in every location but might include: holidays from income or sales taxes, dedicated utilities like electricity or broadband, deregulation of labor laws, prohibition of labor unions and strikes, deregulation of environmental laws, streamlined customs and access to cheap imported or domestic labor, cheap land and foreign ownership of property, exemption from import/export duties, foreign language services, or relaxed licensing requirements. — Keller Easterling

Recent evidence confirms that retail prices of essential consumer goods in poor countries are not appreciably lower than in the United States or Western Europe. In fact, with deregulation and "free trade", the cost of living in many Third World cities is now higher than in the United States. My experience in Latin America and Haiti is that the prices of meat, fish and fresh vegetables are about the same as in the United States. Can you imagine eating on less than one dollar a day? — Vincent A. Gallagher

More than 20 years on, sustained competition, informed customers and the rapid growth of new technology provide the necessary environment for substantial deregulation. — Stephen Carter

In the future, people will blame the Eighties for all societal ills in the same way that people have previously blamed the Sixties. The various Thatcherite Big Bangs - monetarism, deregulation, libertarianism - have been working their way through the culture ever since. — Peter York

Policy is no longer being written by politicians accountable to the American public. Instead, policies concerning the defense budget, deregulation, health care, public transportation, job training programs, and a host of other crucial areas are now largely written by lobbyists who represent mega corporations. — Henry Giroux

It was Greenspan who through some excessive deregulation prepared the monetary ground for the rise of the subprime mortgage companies: a lending market that specialises in high-risk mortgages and loans.
'Innovation', said Greenspan in April 2005, 'has brought about a multitude of new products, such as subprime loans and niche credit programs for immigrants'.
It is almost touching to find out that Greenspan cares so much about immigrants. — Gilad Atzmon

Although there's a lot of focus on the Lib Dems, we need to keep our eyes on the far right of the Tories, who I suspect will become increasingly impatient in their appetite for tax cuts, deregulation and shrinking the state even further. — Frances O'Grady

I was an advocate of the deregulation movement and I made - along with a lot of other smart people - a fundamental mistake, which is that deregulation works fine in industries which do not pervade the economy," he said in the appearance on Spitzer's "Viewpoint." "The financial industry undergirded the entire economy and if it is made riskier by deregulation and collapses in widespread bankruptcies as what happened in 2008, the entire economy freezes because it runs on credit. — Richard Posner

The question is not whether we should or should not regulate; it
is how much should we regulate and who the regulators should
be. We went overboard on deregulation under Reagan. Under
Bush, many people lost in the casino. Now we have the Obama
administration overreacting and overreaching with regulation that
does the exact opposite of wealth creation. If we are to have change
we can believe in, then we could start by replacing the majority
of the lawyers in regulatory agencies with actual experienced, successful
business veterans. They would have recognized the early warning
signs of many of the financial debacles created by the bubble-bust
cycle. — Ziad K. Abdelnour

The legislation, essentially bipartisan, drives new fiscal policies, tax changes, also rules of corporate governance, and deregulation. Alongside of this began the very sharp rise in the costs of elections, which drives the political parties even deeper than before into the pockets of the corporate sector. The parties dissolved, essentially, in many ways. It used to be that if a person in Congress hoped for a position such as a committee chair or some position of responsibility, he or she got it mainly through seniority and service. Within a couple of years, they started having to put money into the party coffers in order to get ahead, a topic studied mainly by Tom Ferguson. That just drove the whole system even deeper into the pockets of the corporate sector, increasingly the financial sector. — Noam Chomsky

With deregulation, one sector of the economy after another is "liberated" to capital's unmonitored authority. The very notion that there is a public interest is contested. — Herbert Schiller

Some S&Ls bet their depositors' money on highly dubious projects. Many simply stole it, as if deregulation meant that the law no longer applied to them. — Niall Ferguson

People express is clearly the archetypical deregulation success story and the most spectacular of my babies. It is the case that makes me the proudest. — Alfred Kahn

It's hard to overemphasize how important Ford's deregulation was. True, most of the benefits took years to unfold-rail freight rates, for example hardly budged at first. Yet deregulation set the stage for an enormous wave of creative destruction in the 1980s: ... — Alan Greenspan

You'll have lower prices under deregulation than you will through regulation. — Kenneth Lay

Deregulation created this epidemic of greed which according to the rules of capitalism was OK. Beyond that there was criminal behaviour. There have been no repercussions and it's hard to make your peace with. — Brad Pitt

All of this goes back to Bill Clinton. It's not a coincidence that radical welfare reform took place on the same watch that also saw a radical deregulation of the financial services industry. Clinton was a man born with a keen nose for two things: women with low self-esteem and political opportunity. When he was in the middle of a tough primary fight in 1992 and came out with a speech promising to "end welfare as we know it," he could immediately smell the political possibilities, and it wasn't long before this was a major plank in his convention speech (and soon in his first State of the Union address). Clinton understood that putting the Democrats back in the business of banging on black dependency would allow his party to reseize the political middle that Democrats had lost when Lyndon Johnson threw the weight of the White House behind the civil rights effort and the War on Poverty. — Matt Taibbi

Privatization and deregulation constitute the outsourcing of democratically elected government with a moral mission to corporations that have a profit-making mission. The effect is to turn democracy into corporatocracy. PROFIT — George Lakoff

The three policy pillars of this new era are familiar to us all: privatization of the public sphere, deregulation of the corporate sector, and lower corporate taxation, paid for with cuts to public spending. — Naomi Klein

Deregulation has been, above all else, a means of reducing corporate business's accountability to the public. — Herbert Schiller

Flow, I must remind you here is a being-systemic process. Depression is a being-systemic deregulation that affects the neurophysiological. — Dew Platt

Alas, it has been hard for me to fit these ideas about fragility and antifragility within the current U.S. political discourse - that beastly two-fossil system. Most of the time, the Democratic side of the U.S. spectrum favors hyper-intervention, unconditional regulation, and large government, while the Republican side loves large corporations, unconditional deregulation, and militarism - both are the same to me here. — Nassim Nicholas Taleb

Chinese commentaries stress the opportunity that the investments and aid they offer presents to developing countries to avoid the hazards of reliance on Western dominated financial institutions: austerity programs that call for severe cuts in state-subsidized social welfare, deregulation of state-owned facilities, trade liberalization, and an open door for multinational corporation investment. — Melvin Gurtov

Utilities used deregulation to effect a series of mergers limiting competition. In order to accelerate profits, cost cutting ensued, involving the layoff of thousands of utility company employees, including some who were responsible for maintenance of generation, transmission, and distribution systems. A number of investor-owned utilities stopped investing in the maintenance and repair of their own equipment, and, instead, cut costs to enhance the value of their stock rather than spending money to enhance the value of their service. — Dennis Kucinich

Winning control of the Senate would allow Republicans to pass a whole range of measures now being held up by Reid, often at the behest of the White House. Make it a major reform agenda. The centerpiece might be tax reform, both corporate and individual. It is needed, popular and doable. Then go for the low-hanging fruit enjoying wide bipartisan support, such as the Keystone XL pipeline and natural gas exports, most especially to Eastern Europe. One could then add border security, energy deregulation and health-care reform that repeals the more onerous Obamacare mandates. — Charles Krauthammer

It's incredible to see labor unions and environmentalists getting together to stop the corporate mentality that destroys both jobs and the environment. — Bonnie Raitt

Deregulation is a transfer of power from the trodden to the treading. It is unsurprising that all conservative parties claim to hate big government. — George Monbiot

With government deregulation and the triumph of financial liberalization, the dangers of systemic risks, the possibility of a financial tsunami, sharply increased. — Noam Chomsky

This is the permanent tension that lies at the heart of a capitalist democracy and is exacerbated in times of crisis. In order to ensure the survival of the richest, it is democracy that has to be heavily regulated rather than capitalism. — Tariq Ali

Energy deregulation will be the largest transfer of wealth in history. — Warren Buffett

During the 1990s the United States sought to impose the 'Washington Consensus' on Latin American governments. It embodied what Latin Americans call 'neo-liberal' principles: budget cuts, privatization, deregulation of business, and incentives for foreign companies. This campaign sparked bitter resistance and ultimately collapsed. — Stephen Kinzer

Indeed the three policy pillars of the neoliberal age-privatization of the public sphere, deregulation of the corporate sector, and the lowering of income and corporate taxes, paid for with cuts to public spending-are each incompatible with many of the actions we must take to bring our emissions to safe levels. — Naomi Klein

I plan to eliminate the equity cap in investment, and I also plan large-scale deregulation to meet global standards. — Lee Myung-bak

I very strongly disagreed with President Clinton on the deregulation of Wall Street. I opposed that strenuously. — Bernie Sanders

The corporate right fires up the religious right against gay marriage and abortion and uses their votes to push their deregulation and tax cuts for the rich. It's an old trick. The House of Saud has the same arrangement with the Mullahs in Saudi Arabia. — Adam McKay

The twentieth century was marked by two broad trends: the regulation of capitalism and the deregulation of democracy. Both experiments overreached. — Fareed Zakaria