President Carter, not Reagan, launched the first major US deregulation wave.
Evidence
The double movement was scheduled for demolition under the neoliberal flag, and implementation began immediately. In 1976, the same year that Jensen and Meckling published their pathbreaking analysis, President Jimmy Carter initiated the first significant efforts to radically align the corporation with Wall Street’s market metrics, targeting the airline, transportation, and financial sectors with a bold program of deregulation. What began as a “ripple” turned into “a tidal wave that washed away controls from large segments of the economy in the last two decades of the twentieth century.” — Shoshana Zuboff, The Age of Surveillance Capitalism, 127
Categorization
- QUESTION: Worth checking: the Carter-deregulation-began-it claim is contrarian to popular Reagan-era memory — fact-check the airline/transport/financial deregulation sequence.
- XREF: Connects to the longer history of the corporation being reoriented toward shareholder value — the Jensen-Meckling/North timeline continuing.