>>> [EMAIL PROTECTED] 09/22/05 1:22 PM >>> Doug: > It's a crazy business, which is why it was regulated in the first place.<
is that why is was regulated? or was there political pressure from the nascent airline industry? and didn't regulation serve the preexisting military and postal needs of the government? Jim Devine <<<<<>>>>> program, program, getchur program, can't tell your regulatory theory without a program... *public interest* regulation: government response to public demand rationale: correct inefficient/inequitable market activities/practices portrayal: victory of popular democracy over economic elite *interest group* regulation: government response to promotion of private interests rationale: organized interests fill gaps in representation portrayal: competitive/bargaining process *capture* regulation: government response to market failure, public interest, interest group rationale: over time regulatory agencies become dominated by regulated industries portrayal: inescapable reality *economic* regulation: product whose allocation is governed by forces of supply & demand rationale: self-interested rational actors portrayal: serves private interests of politically effective groups *deregulation* regulation: government creates counter-productive & self-defeating bureaucratic quagmire rationale: regulation ignores virtues of 'free choice' & broad range of possibilities accompanying market economic activities portrayal: market forces promote producer/ consumer interests more efficiently than intrusive 'hand' of government *monopoly capital* (to whch i'm partial, although i prefer calling it 'creation') regulation: ratified existence of monopoly rationale: worked primarily on behalf of regulated industries deregulation: unleash concentrated economic power government created portrayal: straight-line development of ever-greater capital concentration ir-rationale: pursuit of private profit inconsistent with public good michael hoover -------------------------------------------------------------- Please Note: Due to Florida's very broad public records law, most written communications to or from College employees regarding College business are public records, available to the public and media upon request. Therefore, this e-mail communication may be subject to public disclosure.
