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> That was the basis of a lot of early 20th century regulatory thinking. That was thoroughly discredited because it turns out that government price controls are
by qotgalaxy 8y ago
> That was the basis of a lot of early 20th century regulatory thinking. That was thoroughly discredited because it turns out that government price controls are worse than duplicated infrastructure.
I'm sorry, I don't buy it.
- shard972 8y agoCare to offer more of an explanation? Especially when you consider in many western countries many people are experiencing congested lines at peak hours. Duplicated infrastructure in these cases are not only a negative but a positive. So without duplicated infrastructure, we would be experiencing even more congestion so I don't get what your not buying.
- rayiner 8y agoYou don’t have to take my word for it. Read up on the history of the Interstate Commerce Commission and the insane things it used to do (regulate rates for air and truck freight). Read how companies like UPS came into existence after those things were deregulated. Read how most of the western world followed suit in the 1980s and 1990s.