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How specifically are freer markets going to solve the problem? Free markets only work when there's competition. Seeing as nobody can replicate the essential phy
by not_kurt_godel 8y ago
How specifically are freer markets going to solve the problem? Free markets only work when there's competition. Seeing as nobody can replicate the essential physical infrastructure that ISPs/telecoms own, not even investors with billions upon billions of dollars (see: Google Fiber), I fail to see how your glib answer of "freer markets" is at all credible.
- ttoinou 8y agoFree markets only work when there's competition. A powerful (oligopolistic) corporation can set low prices / reduce margins in order to prevent other potential companies to enter into the market. And they are also pushed to innovate
- scarface74 8y agoSomeone can't just "enter" the internet service market. It takes billions of dollars. All the incumbent has to do is temporarily lower prices to keep people from switching and raise prices again once the new player goes bankrupt.
- ttoinou 8y agoSo if nobody can enter it how did it create itself in the first place ?
- scarface74 8y agoBecause cable companies and phone companies got local government approved monopolies like the electric companies and phone companies. They were thus guaranteed to have a return on investment. They also had to be given right of way privileges by the government to install cable. There were no incumbents.