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But in the US the average consumer doesn't have a meaningful choice between road companies: http://arstechnica.com/business/2014/09/most-of-the-us-has-no-broadb
by bb611 10y ago
But in the US the average consumer doesn't have a meaningful choice between road companies: http://arstechnica.com/business/2014/09/most-of-the-us-has-no-broadband-competition-at-25mbps-fcc-chair-says/ http://arstechnica.com/business/2014/09/most-of-the-us-has-n...
- simonh 10y agoThis is the heart of it. Free market economics is a wonderful thing and as a civilization we have reaped enormous rewards from it, I'm a true believer, but if your market produces natural monopolies that are highly stable then that's not really a market anymore and it's certainly not free or fair. Adam Smith, the father of free market economics, was very clear about this. Markets must be well regulated in order to remain free and fair.