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Why would natural monopolies be OK in general? The screwed up train system in the UK is a natural monopoly under lax regulation. It means we face high fares, b
by conjectures 10y ago
Why would natural monopolies be OK in general?
The screwed up train system in the UK is a natural monopoly under lax regulation. It means we face high fares, bad service and low investment.
- atemerev 10y agoRailroads are doomed anyway (except maybe cargo, though self-driving trucks can change that), when London to Paris plane ticket can bought for £30. Lost cause. This is possible because railroads are hierarchical, and all other means of travel are point-to-point. Networks always win against hierarchies.