Lessons from Deregulation: Telecommunications and Airlines After the Crunch

Kahn (emeritus, political economy, Cornell U.) examines recent deregulation policy in the airlines and telecommunications industries, finding that it had nothing to do with the recent financial meltdowns in both industries. Instead, he argues, deregulation failed to let competition and the free market work because politicians were ＂dictating market structures and outcomes.＂ The government should enforce antitrust laws and let market competition serve the needs of consumer protection. Annotation ©2004 Book News, Inc., Portland, OR (booknews.com)