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The author of this article -- like most others who write on the topic -- fails to understand that the lack of competition is not due to a "market failure". Rat
by whistlecrackers 12y ago
The author of this article -- like most others who write on the topic -- fails to understand that the lack of competition is not due to a "market failure". Rather, it is due to government intervention that allows only a few -- or a single -- provider in an area.
- saucetenuto 12y agoFrom the article: > Municipalities, often for good reason, gave these edge providers a monopoly (the bad kind of monopoly where consumers can’t choose to leave) and often used tax dollars to fund the development. Your guess about the author was mistaken.
- whistlecrackers 12y agoThe opening paragraph indicates otherwise. It's not very well-written.