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We shouldn’t blame capitalism for the obvious outcome of government-granted monopolies held by maybe one telco and one cableco if you’re lucky.
by erik_seaberg 6y ago
We shouldn’t blame capitalism for the obvious outcome of government-granted monopolies held by maybe one telco and one cableco if you’re lucky.
- cmurf 6y agoHow are they monopolies? Competition is allowed. They choose to not compete in markets, either by not entering the market or buying up competitors. America used to have a stronger take on competition law, but for decades it's considered anti-business government regulation.
- erik_seaberg 6y agoGoogle Fiber only launched in a handful of cities where the local bureaucracy had committed to bypassing many longstanding procedural barriers. They found laying new cables to be all but impossible everywhere else.
- AsyncAwait 6y agoDo you think consistent campaign contributions to both parties, relentless industry lobbying and this all being perfectly legal may have something to do with it as well?