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> This is not true. A monopoly can also be held accountable by the shareholders. A monopoly can also be held accountable by the market. Ask any cable company, f
by AnIdiotOnTheNet 4y ago
> This is not true. A monopoly can also be held accountable by the shareholders. A monopoly can also be held accountable by the market. Ask any cable company, for example.
The monopolies in question are utility monopolies, none of these apply except the shareholder control, the holding accountable of which is equivalent to holding the company itself accountable.
> A monopoly can also be held accountable by new entrants to the market, ask any ISP that refuses to run lines to rural areas.
Considering the state of rural internet access in the US, that doesn't seem to be supporting your argument at all. And when ISPs have local monopolies their service is measurably much more expensive and worse than when there is competition, and also measurably worse that municipally run connectivity, which they fight tooth and nail.
> From a strictly academic sense, this is true, but requires an election to achieve, and I've already gone over how those are captured by the very corporations governments are supposed to hold accountable.
As I said, even given this the situation with the government alone running things is only as bad as it is with the monopoly middleman while remaining potentially easier to change.