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Deregulation |
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Deregulation The reduction of government's role in controlling markets, which lead to freer markets, and presumably a more efficient marketplace.
Deregulation The practice or policy of reducing the amount of regulation over a market or economy. It may include reduced or eliminated requirements for reporting or filing statements with regulators. Deregulation is intended to increase efficiency in the market by letting the Invisible Hand guide it apart from government intervention. Opponents, however, argue that deregulation increases the likelihood of fraud and unfair practices such as insider trading. Many analysts agree that deregulation helps firms on solid financial footing and hurts those that are not. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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On April 1, state officials announced that the White Plains-based firm had won the largest share of energy contracts in a competition with five other deregulated energy suppliers vying for the state's business. The upshot is that just portions of California's energy industry were deregulated about five years ago, to what is now quite obviously disastrous results. The most recent attempts to freeze electricity rates at pre-restructuring levels have only confirmed their worst fears--it isn't a deregulated market at all, just some hybrid that no one knows how to navigate. |
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