As a believer that market forces are better at serving consumers than are government regulators, I found de-regulation one of the most challenging issues while I served in the Colorado Senate.
When government intervenes, it always tilts the playing field. Sometimes it does this for ostensibly good reasons – most notably to provide all Coloradans with electricity and telephone service as was done predominately in the first half of the 20th century.
But decades later, de-regulating those areas in order to promote competition turned out to be more complicated than just repealing old statutes. Technology ultimately made local telephone monopolies obsolete, but before that happened, fights over bills to allow local competition were cutthroat. (more…)