• Deregulation is often believed to spur economic growth and therefore be business and shareholder friendly.
• However, there are instances where it is indeed business and shareholder friendly, but not market friendly, as it can confer market and pricing power to insiders.
• So once again, we have to stress the difference between market friendly and business friendly policies and regulation; these are often confounded.

Source: Deregulation Isn’t Always Pro-Growth, Even When It’s Pro-Business | Seeking Alpha