Many would argue that Gordon Brown's "light-touch regulation" and general deregulation of banking, in the UK and around the world, did more to "unleash" the City than anything Margaret Thatcher did, and more to pave the way to the financial crisis.

BBC: Margaret Thatcher: The economy now and then

Instead of the "suicide impulse" of lobbying for more regulation, Silicon Valley should seek deregulation and a long-overdue freedom to return to its entrepreneurial roots.

WSJ: Crovitz: Silicon Valley's 'Suicide Impulse'

Indeed, the bipartisan deregulation movement of the 1970s and early 1980s that liberated trucking, airlines and telecommunications from choking regulation was a moment of reckoning, an attempt to come to terms, at last, with the legacy of progressive regulation.

WSJ: Book Review: Captive Audience