> The problem with deregulating banks is that the banking industry is low-competition. A few corporations dominate the landscape. So deregulation just strengthens the predators.
But that's not a natural state of affairs. Look at the savings and loan scandal! Without the regulation, banking was intensely competitive. Why assume that, if you took the regulation away, banking would take no notice and stay exactly the same?
> All deregulation should be accompanied by an equal effort to foster a massive amount of competition within the industry.
Deregulation is an effort to foster competition within the deregulated industry. Those regulations are barriers to entry, which is why large companies always want more of them.
But that's not a natural state of affairs. Look at the savings and loan scandal! Without the regulation, banking was intensely competitive. Why assume that, if you took the regulation away, banking would take no notice and stay exactly the same?
> All deregulation should be accompanied by an equal effort to foster a massive amount of competition within the industry.
Deregulation is an effort to foster competition within the deregulated industry. Those regulations are barriers to entry, which is why large companies always want more of them.