The Joy Of Deregulation Summary

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The article, dated, 2/2/1997, The Joy of Deregulation published by Newsweek by Robert J. Samuelson argues for deregulations and includes examples of positives of deregulation. He first explains how the controversy of deregulating companies understates the true positives of deregulations. For example, airline fares and telephone costs have decreased dramatically along with cost of trucking and railroad freight all adjusted to inflation. Samuelson, then describes the definition of deregulation as not having any government intervention over companies that are natural monopolies or companies that provide goods necessary for the public. Although there was lack of phone and airline technological advancement, resulting from deregulation, companies were regulated at price and forced to provide services for the government that came at …show more content…

Samuelson uses real world examples to defend his advocacy for deregulation. Personally I disagree with the article, because I don’t think Samuelson fully describes the repercussions of being pro deregulation. He defends it with dated examples. He didn’t mention, for example that deregulation can cause a recession. Also, Samuelson argues that technology “would have occurred anyway” is actually detrimental to the technology industry. If we had more deregulation in our society, we would be stuck with outdated technology. We could have had the potential for something more beneficial to the customers but deregulation could stifle advances in tech. Also when Samuelson says that deregulation “done right” could be beneficial, he essentially assumes corporations won’t be greedy and try to take advantage of minimizing production costs and lowering their bottom line while attempting to earn the highest of margin of profit possible. Overall, I do not agree with Samuelson’s take on the benefits of

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