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The problem with any deregulation theory is that deregulation does not exist. Especially in a country like US.
In the US, unions are very strictly regulated, but aeroplane manufacturers are pretty much completely unregulated.
We see the results.
Or what exactly do you mean?
That's a great point! Let's discuss it!
You see, regulations can be split into two categories: consumer protection and business protection.
Consumer protection policies and regulations protect consumers from business malpractice. For example, here in Europe we have 1-2 years (depending on the country) of warranty for every product sold enshrined in the law. And that's something unheard of in the US, because communism or something.
On the other hand, business protection regulations protect existing businesses against competition. A good example is software patents: so common in the US, non existent in Europe.
Somehow when lobbyists are brainwashing American public to get more regulations, they're talking about business protection and when they want to deregulate something they're talking about removing consumer protections and American public makes the wrong choice every time.
Speaking of planes you can see this in Europe again: no competition regulations for air lines, yet strong consumer protections resulting in loads of air lines popping up all the time.
Worker protection regulations, as enforced by OSHA in the US, are also a target for deregulation by the right.
Aka pedons always get fucked
Look up “regulatory capture”