3 ms·
"free market" is more a political slogan than an economic concept. that's why i prefer the term "fair market", which is better aligned with the underlying econo
by clairity 4y ago
"free market" is more a political slogan than an economic concept. that's why i prefer the term "fair market", which is better aligned with the underlying economic concept and conveys with it the need for a strong and independent regulatory function to rebalance concentrations of market power.
in that vein, we need to break up the three major carriers who together hold ~98% of the market (principally as a result of restricted spectrum allocation). then institute an escalating tax rate based on market (revenue) share to counteract the negative externalities[0] of concentration itself.
[0]: here's one random report (by barclays) that delves into what these negative externalities are on fair markets: https://www.cib.barclays/content/dam/barclaysmicrosites/ibpublic/documents/our-insights/MarketPower/Barclays-ImpactSeries5-MarketPower_final_2.4MB.pdf https://www.cib.barclays/content/dam/barclaysmicrosites/ibpu...