5 ms·
Seems like the principals of a municipal corporation could easily form a shadow corporation for the specific purpose of providing communications infrastructure
by logfromblammo 10y ago
Seems like the principals of a municipal corporation could easily form a shadow corporation for the specific purpose of providing communications infrastructure within a specific municipality/county and any necessary backhaul, then issue one voting share to each resident, and non-voting, dividend-granting, preferred stock to the municipality.
Then the residents-of-the-city can vote for the city-as-municipal-corporation to grant that privately-owned, non-municipal corporation the sweetheart local monopoly deal that Time Warner was hoping to force upon them.
It isn't quite as disgusting as failing to provide biologically sterile and non-toxic drinking water to your utility customers, but quality network access is still important economically.
- mhurron 10y ago> easily form a shadow corporation That would be indirectly competing and illegal.
- logfromblammo 10y agoYou're going to have to explain your reasoning to me.