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Your examples are cases were the corporate interests have captured the regulators. So we're ruled by corps (who often write the laws themselves) regardless of w
by paulryanrogers 2y ago
Your examples are cases were the corporate interests have captured the regulators. So we're ruled by corps (who often write the laws themselves) regardless of whether they arise from a "free" market, luck, nepotism, sweet heart deals, or some combination thereof. They thrive on apathy and those who buy into their laissez-faire-capitalism-solves-all story.
The answer which has worked before is to end the corruption and monopolies/oligopolies as we did before: anti trust. Voting in honest civil servants, voting out or jailing the corrupt, keeping money out of campaigns, and outlawing professional bribery (lobbying) are critical to enforce the rules that keep the playing field level.
Guess which party has sold out the hardest in the US? Which is led by a man who openly sells deregulation to polluting industrialists in exchange for campaign funds?
- psd1 2y agoSpecifically in the case of ISPs, the infrastructure requirements make it a natural monopoly. The problem comes when the infrastructure company is also the retail company. That's how you get shitty service. In the UK, the infra monopoly is owned by Openreach. You can use literally any retail ISP, they all pay the same for carriage. They can differentiate on price or service or (yuck) bundling, and you can change providers with minimal downtime. So I think the answer for the US is to separate infra from retail and regulate the wholesale price.