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Unformatted text preview: Department of Education. Privatization and deregulation Some critics of the size of government argue that certain responsibilities should be turned over to private enterprise, which can carry out programs with less cost and more efficiency. The example frequently cited compares Federal Express to the U.S. Postal Service. Privatization has been most successful when undertaken by local government. Deregulation means that the federal government reduces its role and allows an industry greater freedom in how it operates. A reduction in the federal government's responsibility certainly affects the size of the bureaucracy. However, the consequences of deregulation may outweigh the benefits, as seen in the savings and loan scandals of the 1980s following deregulation of the savings industry....
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This note was uploaded on 11/20/2011 for the course POSI 1310 taught by Professor Arnold during the Spring '08 term at Texas State.
- Spring '08