Criticism of regulation and deregulation Regulatory policy is usually criticized because of the costs it imposes on business. American consumers and workers generally bear those costs: consumers through the price of products; workers when their place of business must compete with unregulated foreign concerns. Nevertheless, setting domestic policy through regulation is tempting to federal legislators because it allows them to take action on a problem and command a change of course without directly paying for anything they order. Another concern with government regulation of industry is that policy decisions often respond to political considerations rather than technical ones, which may mean hurting businesses for no good reason, or it may give certain businesses the opportunity to manipulate regulations so that they make more profit. Deregulation began in the 1970s and was based on the notion that regulation was suppressing
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airline industry, business. American consumers, unregulated foreign concerns