[rayiner]

That's more than a little bit off the mark. Both the U.S. and Europe are in the middle of a multi-decade economic boom resulting from deregulation. Telecom, airline, etc., deregulation isn't something we did on our own. Pretty much the whole developed world has massively deregulated these industries, and continues to do so, and continues to benefit from those policies.

To me, the litmus test for whether deregulatory (or really, any other) argument can be assumed to be in good faith is to ask: what do other developed countries do? Pai's self-regulation approach is being mocked as disingenuous in the U.S., but for example, Japan and Denmark also rely on self-regulation in this area.

[zerohm]

The US at least, has been in an economic boom since the Subprime Mortgage Crisis in 2010, which was partly caused by deregulation of banks and lenders. Can you provide some examples of why this world wide boom is credited to deregulation?

https://en.wikipedia.org/wiki/Subprime_mortgage_crisis#Decre...

[rayiner]

I'm talking about longer-term trends. Post New Deal, government regulation didn't just mean things like safety standards. The government was micro-managing the economy, telling companies where they could build telephone lines or what routes they had to fly and what prices they had to charge. Getting rid of all that was hugely beneficial: https://www.brookings.edu/wp-content/uploads/2016/06/PB_Dere.... And these market reforms weren't just adopted in the U.S. European countries engaged in massive deregulation themselves.

This is kind of a silly example, but in France, the government used to regulate the open hours of bakeries to ensure adequate supply of baguettes: https://econlife.com/2017/07/tbt-throwback-thursday-french-b.... There was a time when this sort of government intervention in the market was completely common, even in the U.S. But everyone realized that less invasive methods of regulation were preferable. (Though France has always been slow on the uptake--Macron got rid of the baguette regulations only in 2015.)

[gech]

If only the gains from that boom could go to more than just a few...