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Imho anything that is a natural monopoly (where it makes zero sense to build two of them), that requires a regulator to stop citizens being taken to the cleaner
by dhsysusbsjsi 4y ago
Imho anything that is a natural monopoly (where it makes zero sense to build two of them), that requires a regulator to stop citizens being taken to the cleaners, should be owned by the state. Even if run “inefficiently” (you can find examples of both, this is not clear), it is typically better for the people.
- nickff 4y agoIt makes very little sense to build two of anything which has an economy of scale, if you ignore the incentive effects. That is a big 'if'.
- dhsysusbsjsi 4y agoYeah it makes sense to build 4 car factories and compete on quality/cost/safety which benefits the consumer. But having 2 electricity distribution networks, water pipes, sewerage, is simply a waste. Even privatising the land titles registration office is dumb as it is a natural monopoly and would require regulation to stop the $50 title change from becoming $50,000.