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In US telecom most of the damage is done already. Taking away the laws, regulations and policies that built government assisted monopolies does not set things r
by jsz0 17y ago
In US telecom most of the damage is done already. Taking away the laws, regulations and policies that built government assisted monopolies does not set things right. Many of those regulations are already side stepped and you don't see new wireless, cable or fiber deployments from startup private industry. It's too expensive to compete against an infrastructure that was bought & paid for decades ago. A great example of this is the FCC wireless spectrum auction. Who ended up getting it? All the big established government assisted telecom monopolies of years past for the most part. It was open to anyone yet Verizon & AT&T spent more than $15B to extend their strangle hold. It's nice to have $15B worth of capital you earned from years of plundering anti-competitive markets.
I see your point about the problems of more regulation to solve past regulation and would prefer to see socialized broadband instead. The market is too screwed up for the private telecom sector to ever recovery even with lots of good regulation. Since it's quite expensive to build this type of infrastructure nationwide open/fair access policies are a step in the right direction. It's treating the symptoms, not the disease.