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I sometimes think the US functions as a giant experimental ground for the rest of the world to learn in which domains a combination of capitalism and devolved r
by sfifs 6y ago
I sometimes think the US functions as a giant experimental ground for the rest of the world to learn in which domains a combination of capitalism and devolved regulatory authority (which seems to drive rapid innovation) works and also DOESN'T work :-)
We've had fiber to home for years now in the East. Largely driven i think by governments seeing this was one area where it didn't work.
- kortilla 6y agoThat’s an example of government failure, not a failure of capitalism. The government is banning the easy installation from competitors.
- 7sidedmarble 6y agoAnd who is it that lobbies the government for favorable laws and treatment? Almost like we... Live under a system that rewards and encourages that behavior.
- tomohawk 6y agoCronyism exists in all political systems. Doesn't matter whether it is a monarchy, dictatorship, socialist democracy, federal republic - it's always a concern. But, cronyism is not capitalism. It's actually a subversion of capitalism.
- ycombonator 6y agoThe politicians are paid off by big Telcos looking at you ComcastNbcUniversal. So much so cities and suburbs have laws on their books that they deal with only a single internet provider. Politicians and their empty talk of ‘competing with other countries in terms of technology infrastructure’.
- kube-system 6y agoThe East also has this: https://i.pinimg.com/originals/45/eb/48/45eb48b4c51715abecdfc43057e7fdda.jpg https://i.pinimg.com/originals/45/eb/48/45eb48b4c51715abecdf... Somewhere in the middle is probably a happy medium.
- sfifs 6y agoYup that's capitalism and LACK of regulatory authority :-)