DEREGULATION
| Collection | International Encyclopedia of Systems and Cybernetics |
|---|---|
| Year | 2004 |
| Vol. (num.) | 2(1) |
| ID | ◀ 860 ▶ |
| Object type | Human sciences |
A turn-back from artificially introduced control-aiming regulations to natural ones.
A bone of contention is to define what natural controls are and which criteria are used to distinguish them from artificial ones.
Deregulation, in social or economic systems, does not imply that no order whatsoever will remain into the deregulated system, but merely that the “visible hands” are to be replaced by the “invisible hand” (or hands!). Natural regulations are largely automatic (as in ecosystems, for instance), even if and when tampered with by a number of different actors.
In social and economic systems, deregulation easily leads to detrimental consequences for some stakeholders. Of course, this also is frequently the case with introduced regulations.