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The drive to deregulate doesn't stop there.
"We see daily evidence of what happens when the drive to deregulate succeeds," he said, "as it did over the last seven or eight years".
Government cuts and a coalition drive to deregulate the food safety industry have led to a chaotic system with fewer checks and no one authority in overall charge, according to Mary Creagh, the shadow environment secretary.
Since Goldman led the drive to deregulate commodity markets in the 1990s, after constraints were imposed following the 1930s Wall Street crash, they've been at the vanguard of creating and promoting complex commodity instruments, from which they've raked in huge profits.
"The government has taken a system that was working reasonably well and in a drive to deregulate, has created a more fragmented and bureaucratic system and this horsemeat scandal has shown that there are serious flaws that need to be addressed," said Creagh.
Gov. George E. Pataki led the drive to deregulate the electricity market, and his administration played the leading role in setting the rules of the new marketplace and in creating the New York Independent System Operator, the two-year-old agency that runs the power grid.
Similar(53)
But these changes are not driven by any desire to deregulate".
The warning, which city officials immediately called irresponsible, comes as the trash industry giants begin a drive to persuade the administration to deregulate the price of disposing of commercial trash, a bill that is paid by tens of thousands of city restaurants, food markets, stores, office buildings and other businesses.
Campaigners say the talks are being driven by the interests of big transnational companies that want to deregulate markets.
Last week the government moved to rebut accusations that the deal was being driven by the interests of big transnational companies which variously want to deregulate markets, make NHS privatisation irreversible, and water down regulations on food standards and banking.
They want to deregulate workers rights, deregulate social rights.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com