>>>However, I see no point in arguing about definitions. I propose that we just use the terms "complete deregulation" and "partial deregulation" from here on out, so as to be non-ambiguous.

Agreed. All dictionaries disagree, but I'm not talking to any of them.

I believe that all reasonable people agree that history has shown that monopolies are inefficient in a capitalist system(see the 1920s for example). I feel that government-granted regulatory monopolies are also inefficient in a capitalist system. From your comments, I assume that you agree with both of these things, please let me know if you have a different view.

My understanding of the invention of regulations is this: Full deregulation of business seems like the best possible solution, until the point that companies become so big that they form monopolies that stifle competition. Then the government has to come in and regulate them until they are no longer monopolies. From your comments, I assume that you agree with this, let me know if you have different views.

I have to go eat but I have a comment written up about natural monopolies with relation to telcos ready to be edited and then posted.