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Real markets are not infinitely elastic; with a finite number of players, there is always going to be a finite number of things that companies compete on, and i
by A1kmm 14y ago
Real markets are not infinitely elastic; with a finite number of players, there is always going to be a finite number of things that companies compete on, and in inefficient markets like consumer Internet services, duopolies naturally result.
The definition of Internet is essentially a globally connected network that passes generic Internet protocol traffic between endpoints; if IP payloads are being inspected and manipulated, it isn't really an Internet service that is being provided, and it is misleading to sell such a service as 'Internet'.
The government does have a legitimate role in regulating misleading trade practices - if someone is selling something that is not safe to eat as food, for example, then that is misleading, and it is the government's job to intervene and say they can't do that, rather than letting the market sort it out.