| Term Paper Title |
Deregulation |
| # of Words |
466 |
| # of Pages (250 words per page double spaced) |
1.86 |
Deregulation
The term "free enterprise" is often used to describe America's market system.
Unfortunately, when the government sets rules and standards for the companies
in the system, the result is not free enterprise. Free enterprise is defined
by Wilson S. Johnson, President of the National Federation of Independent
Business, as "the successful marriage of personal freedom with economic
freedom". (1) With free enterprise comes competitive pricing, more wealth which
is distributed widely among the population, and small business survival--an
important trait when over 50% of America's non-government workforce is employed
by small businesses. Deregulation brings free enterprise in a sense truer than
it has existed in the past. Businesses should not be regulated by the
government.
Deregulation in the eighties has brought new meanings to industries such as
airlines, railroads, and telecomunications. Although adjustment proved
traumatic, the airline industry grew from 36 to 156 individual airlines.(2) The
result has been competitive prices, a huge web of new routes, and competitive
employee wages. In 1980, Congress got rid of rules that encouraged railroads
to keep unwanted routes, that forced prices too high to compete with truck and
barge rates, or kept prices too low to make a profit.(3) Now railway companies
are making deals with shippers at competitive rates allowing, once again, the
railroads to be an important part of America. Since the breakup of AT&T in
January 1984, almost every element of tele phoning has been open t...Read entire document
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