2 ms·
You argument would make sense if you were talking about the regulation of lemonade stands. This point seems to be lost on all people making an econo-governance
by intended 9y ago
You argument would make sense if you were talking about the regulation of lemonade stands.
This point seems to be lost on all people making an econo-governance argument against NN.
Telecom tends towards a natural monopoly.
The power is with the industry, not with the consumer.
It will always be so, because of the inherent nature of the industry, and that is why the industry shows up as a text book example of industries which require legislative intervention to result in optimal outcomes for consumers.
In particular:
Telecom requires large up front investment in fixed costs. You need to lay cable, build infra, and more.
This immediately means that you cannot have a fluid competitive marketplace, as new entrants are curtailed by the costs.
Without point 1, you cannot competition.
Without competition you cannot have innovation, and differential servicing.