----- Original Message ----- From: "joanna" <123hop at comcast.net>
>Deregulation is a huge misnomer.
>
What would you call it?
Joanna
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What else, class warfare; as was clearly the case in trucking and airlines.
In the vocabulary of mainstream econ., rent seeking via the increased regulation/constraining of labor's bargaining power without, at the time, having to engage in a full frontal legislative assault on the Wagner Act or Davis-Bacon.
There's quite a bit of discussion on rent seeking in the pen-l archives. A great journal article on the topic is:
"Another Look at the Problem of Rent Seeking" by Steven Medema, Journal of Economic Issues Vol xxv # 4
Ian