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> And free markets are far more powerful and adapt far more quickly than regulation Agreed, but free markets rarely exist. There are almost always market force
by speedplane 8y ago
> And free markets are far more powerful and adapt far more quickly than regulation
Agreed, but free markets rarely exist. There are almost always market forces that prevent them from being free. The broadband internet market is Exhibit A. Most consumers have only one choice of broadband, and very few have more than two choices. In many markets, there is effectively no competition, which allows the utility to act as a monopoly and due whatever it wants.
I would be okay with dropping net neutrality if every American had 5 choices for internet service. But that's not what happening here. In the US we have a handful of companies that act as monopolies (the exact opposite of a free market), and exert the market control power for richer profits.
Any free market proponent would agree that this is not just unfair, but economically inefficient.