[PEN-L:33490] Re: Re: Right wing sees the light! (almost)

[Bill Lear <rael@xxxxxxxxxx>]

On Sunday, December 29, 2002 at 16:51:25 (-0500) Doug Henwood writes:
>Eugene Coyle wrote:
>
>>Agreed, they want profit -- but they talk "competition."
>
>So why did capital back deregulation in so many industries if it's so
>opposed to competition?

Because short-term competition can weed out weak ones?  Then the
strong survive and ask for regulatory protection when everyone else
has been wiped out, and those bailed out get the fruit.  Gambling that
you'll be left standing is very attractive when you are pressured to
keep the stock price ever rising.

I can't see how long term --- and crucially, complete --- deregulation
is to the advantage of any corporation if it means true competition.


Bill