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> Regulations tend to favor incumbents, decreasing competition Except in Europe where it has done the exact opposite for telecom, especially compared to the un
by josteink 8y ago
> Regulations tend to favor incumbents, decreasing competition
Except in Europe where it has done the exact opposite for telecom, especially compared to the unregulated US.
- paulddraper 8y ago> telecom > unregulated US On the contrary, telecoms are very much regulated in the US. There is an entire commission for regulating radio/television/cable communications: the FCC. I could hardly choose a more regulated industry than telecommunications.
- krisdol 8y agoThe US has a problem of private industry infiltrating and co-opting government, and people largely normalizing it. The landscape for telecoms is simultaneously over-regulated with respect to allowing room for new players to enter the market, and under-regulated with respect to consumer rights. US regulations favor monopolies, and monopolies abuse their influence on regulatory boards to shut out new competition. Regulation can mean different things to different people. It's just stupid, one-dimensional, shallow thought to try to paint all regulation with a broad good-vs-bad brush.
- taysic 8y agoThis is not an issue exclusive to the US. Simply look at all the back room sweetheart tax deals made in the EU with government officials.