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:...
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Chapter Three, "Economics Meets Politics", p. 72Alan Greenspan
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Deregulation has been, above all else, a means of reducing corporate business's accountability to the public.
Herbert Schiller
The worst thing that can happen during the 1980s is not energy depletion, economic collapse, limited nuclear war, or conquest by a totalitarian government. As terrible as these catastrophes would be for us, they can be repaired within a few generations. The one process ongoing in the 1980s that will take millions of years to correct is the loss of genetic and species diversity by the destruction of natural habitats. This is the folly that our descendents are least likely to forgive us.
E. O. Wilson
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
The populist rant about greedy banks that is being loudly ventilated in Congress is a distraction from the true causes of the crisis. The dire condition of America's financial markets is the result of American banks operating in a free-for-all environment that these same American legislators created. It is America's political class that, by embracing the dangerously simplistic ideology of deregulation, has responsibility for the present mess.
John N. Gray
Deregulation freed corporations from legal constraints, and privatization empowered them to govern areas of society from which they had been previously been excluded. By the end of the century, the corporation had become the world's dominant institution.
Yet history humbles dominant institutions.Joel Bakan
Greenspan, Alan
Greenwell, Dora
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