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By "relatively unprofitable" I meant "just profitable enough". When the a product becomes commoditized the market for it becomes (much more) efficient, and thu
by leot 16y ago
By "relatively unprofitable" I meant "just profitable enough". When the a product becomes commoditized the market for it becomes (much more) efficient, and thus only minimally profitable, because the principal goal of the actors within it is cost reduction.
If internet access becomes a commodity it is _great_ for consumers (c.f. computer memory, public water, electricity, undifferentiated agricultural products) but horrible for the providers/producers.
Thus, somewhat ironically, the only incentives corporate lobbyists have to advocate for free-er markets is in order to maintain market inefficiencies or to reduce their supplier's margins.