3 ms·

In this scenario who puts the conduit there, government I guess? Like this is a reasonable approach, but you are artificially creating a specific market, maybe

• AnthonyMouse 2y ago
  The conduit would be owned by the government, sure. All regulatory systems result in a specific market. There is no natural form. In the absence of any laws, people use violence or coercion to seize power and then start making their own rules, effectively becoming the new government and shaping the market with whatever rules they impose (or refuse to impose while excluding another government from forming). The question is, what kind of rules have good outcomes? Lots of people propose dumb rules, like price controls, that have dumb outcomes. Some rules have okayish outcomes but are still subpar and less efficient or effective than better rules. The best rules create a market with vigorous competition. Because then you don't need the rules to specifically create other outcomes you like, you just choose the provider who provides them, since the rules have done the most important thing and ensured that you have that choice.