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Whatever else you think on these topics, government-enforced utility monopolies aren't the free market.
by Cyphase 3y ago
Whatever else you think on these topics, government-enforced utility monopolies aren't the free market.
- OhMeadhbh 3y agoThe phrase "free market" comes from Adam Smith who used it to describe "markets free from rent-seeking behaviour." So careful there, free markets may not be what you think either.
- throw0101c 3y ago> Whatever else you think on these topics, government-enforced utility monopolies aren't the free market. They tried non-monopoly power and wireline phone markets in their early history and they didn't work. A lot of times a company would go bankrupt, but their wires would be on the poles and would degrade to the point of falling apart and dangling, which would then make contact with a live wire and folks would get electrocuted when they touched it.
- agloe_dreams 3y agoIn fairness, this would be in the times before common usage. Also, this totally happens in the current state too as major companies buy the little guys up and then do little to actually care for the lines.