I was reading an article regarding foreign investment in Russia in the latest issue of the Economist magazine when I aw this line: "Profits are meagre at present but should increase when prices are deregulated."
This lead me to thinking. When governments talk about deregulation, they always promise lower prices. But the outcome is usually the opposite. So what is the advantage to the public regarding deregulation? Or is it simply a way to transfer wealth from the taxpayer to a few individuals.
This lead me to thinking. When governments talk about deregulation, they always promise lower prices. But the outcome is usually the opposite. So what is the advantage to the public regarding deregulation? Or is it simply a way to transfer wealth from the taxpayer to a few individuals.