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>"free markets are far more powerful and adapt far more quickly than regulation — while preserving freedom for people to make their own choices." That is absol
by KozmoNau7 8y ago
>"free markets are far more powerful and adapt far more quickly than regulation — while preserving freedom for people to make their own choices."
That is absolute nonsense, especially for last-mile services, such as electricity, water, sewage, cable and internet.
Nobody is going to dig redundant infrastructure, because the entrenched monopoly will simply freeze out any new competitors. It even happened to Google Fiber, despite their gigantic moneybags and public support.
There is no choice when an entrenched monopoly can eliminate all competitors, thanks to the monopoly position.
Free markets are not the solution to every problem, or even to most problems.