Elimination of laws and rules imposed on an industry

Deregulation is the process of removing or reducing state regulations, typically in the economic sphere. It is the repeal of governmental regulation of the economy. It became common in advanced industrial economies in the 1970s and 1980s, as a result of new trends in economic thinking about the inefficiencies of government regulation, and the risk that regulatory agencies would be controlled by the regulated industry to its benefit, and thereby hurt consumers and the wider economy.

Articles

Orchestrating Energy Disaster, by Walter E. Williams, 23 May 2001
The Futility of State-Directed "Market Reform": Deregulation, by Kevin Carson, 6 Aug 2013
Analyses how so-called "deregulation" actually works, with examples from electrical utilities
"In most cases, regulatory policies were adopted in the first place because they served the regulated industries' interests in extracting monopoly profits at the expense of consumers and workers. So it hardly stands to reason that a state largely controlled by corporate interests would genuinely deregulate those same industries and open them up to full-blown market competition if they didn't have the game rigged somehow."

The introductory paragraph uses material from the Wikipedia article "Deregulation" as of 28 Sep 2018, which is released under the Creative Commons Attribution-Share-Alike License 3.0.