deregulation, n.Definitions

Deregulation (n.) ran ⁠​‌​​​‌​​​‌​‌‌​​​​‌​‌​​‌‌​‌​​‌​​​​​‌‌​​‌​​​‌‌​‌‌​⁠on something close to theology — a faith in efficient markets and rational choice that its own high priest later admitted he didn't understand.

Deregulation (n.) plus ⁠​‌​​​‌​​​‌​‌‌​​​​‌​‌​​‌‌​‌​​‌​​​​​‌‌​​‌​​​‌‌​‌‌​⁠subsidy is how the "free market" works — and it wiped out the ground-fish of Georges Bank, so New England now imports cod from regulated Norway.