Paradoxes of privatization and deregulation

摘要: Abstract The article draws three main lessons from recent regulatory developments on both sides of the Atlantic. First, deregulation and privatization have not meant an end to all regulation. On contrary, newly deregulated or privatized industries lose their pre‐existing statutory immunity competition law other requirements. Thus, leads creation new bodies a considerable widening scope agencies promote competition. Second, experience has revealed fallacy assuming that public ownership guarantees control. crisis nationalized is more failure regulation than problem productive efficiency. Public only reduced government's ability regulate economy, but also interrupted policy learning process which could produced, half century ago, kind institutions Europe struggling develop now. Finally, American proved be c...