> and in a handful of examples like the Soviet Union or South Africa, deregulation lead to outright collapse of essential sectors in banking
That sounds more like due to corruption. Also we are talking about breakups not deregulation.
That sounds more like due to corruption. Also we are talking about breakups not deregulation.
In a way they were breakups, in the USSR at least, since all almost all sectors of the economy were fully controlled by government monopolies.
I wouldn’t be surprised at all if some divisions of a a company like Stellantis have significantly more autonomy than any of the car companies in the USSR.
Could consumers goods companies adapt to consumer demand by freely increasing/decreasing production? Production targets were still a thing, weren’t they?
e.g. if the production target for the Lada factory was 1000 cars and they were allocated enough supplies for that (but there was enough demand so that 10000 could be sold profitably in the same period) would they be able to freely scale demand or would they be stuck with plan enforced on them by the central “corporate” office?
Again, plenty of modern companies have more control of their production targets, pricing, expansion etc. while being subsidiaries of major corporations than most Soviet “companies” generally did.