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The Problem: Regulatory agencies not directly beholden to anyone. The FCC, EPA, OSHA, etc. act essentially unilaterally. This is a huge overreach. Second, regio
by ph0rd 9y ago
The Problem: Regulatory agencies not directly beholden to anyone. The FCC, EPA, OSHA, etc. act essentially unilaterally. This is a huge overreach. Second, regional monopolies on telecom services granted by the state. Third, the fact that people don't recognize the first two as a problem.
The solution: Break up regulatory agencies, do away with regional monopolies, and deregulate telecoms. Let the market sort it out, because the market is more beholden to consumer interests than the state ever will or can be.
Not the solution: more regulation on top of other regulations to prevent the problems caused by regulation.
- CoryG89 9y agoWhich regulations do you attribute to having caused the formation of monopolies?
- jackmott 9y agoFirst you fix the problem of ISP monopolies then. First you do that, then you can get rid of or relax net neutrality rules.
- blackguardx 9y agoIf you broke up the FCC, the wireless spectrum would get polluted and wireless device performance would be spotty at best.
- falcolas 9y agoNot to mention the loss of content restrictions - such as nudity or profanity on primetime TV.
- cycrutchfield 9y agoIt's like you don't even understand the concept of a natural monopoly.
- tdb7893 9y agoThe problem is that in many situations the market doesn't operate efficiently at all in it's natural state. There's a long litany of reasons markets are inefficient (imperfect information on either side, externalities, and monopolies, just to name a few). Interventions, such as regulations are there to protect the consumers in the case of these market failures. In this case a competative market protects consumers much better than a monopolistic one so regulations that foster a more competative market would be able to protect consumers better than no regulations. I'm not saying that these specfic regulations are amazing but there is definitely a good theoretical framework for regulations being good for consumers in certain cases.