the.com/deregulation
The official removal of training wheels, sold as freedom right up until the crash.
means Cutting or scrapping the rules that constrain how an industry operates, theoretically letting markets sort it out.
from From Latin regula, a straightedge or rule; de- means undoing it. The word boomed in 1970s-80s America as airlines, trucking, and finance shed their government corsets.
Airline win1978 deregulation slashed fares for ordinary fliers
Banking warningLoosened rules preceded the 2008 financial meltdown
Hidden costOften shifts risk from companies onto the public