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What about business who have won their monopoly not by the strength of outstanding execution and innovation? Should they be left alone? Are you saying that all
by asdflkj 18y ago
What about business who have won their monopoly not by the strength of outstanding execution and innovation? Should they be left alone?
Are you saying that all anti-monopoly/oligopoly regulation is bad? If so, you need more to back this up than a couple of examples of bad regulation. And if not, then you can't defend the telcos on general principle. You should explain what makes them the "good" kind of monopoly.
- maxharris 18y agoOnly two categories of monopoly exist - businesses that use the government to maintain their position, and businesses that earn their position. Examples: * AT&T enjoyed a monopoly provided by the government; Alcoa did not. * Aesthetic questions of instruction set aside, Intel is similar to Alcoa in that they earned their spot through execution (and knowing what's important; it's only obvious in hindsight that having the newest and biggest fabs anywhere trumps design in this industry.) * Apple with iPod+iTunes. (Good) * Google with Gmail. (Good) * The United States Postal Service (Bad) * Rail service through government-run Amtrak (Bad)