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> You can't create competition through regulation. real world experience suggests the contrary is true.
by kome 5y ago
> You can't create competition through regulation.
real world experience suggests the contrary is true.
- nickpp 5y agoSome examples would help, I am not aware of any.
- skywal_l 5y agoAT&T: https://en.wikipedia.org/wiki/Breakup_of_the_Bell_System https://en.wikipedia.org/wiki/Breakup_of_the_Bell_System
- nickpp 5y agoBells's monopoly was instituted by the government. Using regulation to fix your own previous bad regulation does not suddenly make you a free market savior.
- skywal_l 5y ago> Bells's monopoly was instituted by the government What actions the US government took to "institute" Bell's monopoly?
- nickpp 5y agoOh, the usual: patents and regulations. The end result it was that you weren't allowed to create a competing network or even use a non-approved telephone on Bell's network.