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At the top of this thread, ojbyrne says we need to have government regulation in order to create competition. Here you say that we needed regulation to make AT
by Perceval 15y ago
At the top of this thread, ojbyrne says we need to have government regulation in order to create competition.
Here you say that we needed regulation to make AT&T a de jure national monopoly so that we could further regulate AT&T.
So, regulation grants monopolies, then regulates those monopolies, then also regulates more competition into the monopoly market it had previously granted? This is good governance?
- masklinn 15y agoRegulation did not create AT&T's monopoly. AT&T did that, the government later sanctioned it in order to try and better regulate the monopolistic company (it failed).