4 ms·
> Nobody is claiming that the bus system is anti-competitive to car manufacturers. Have you heard of the GM streetcar conspiracy?( http://en.wikipedia.org/wiki
by tfinniga 12y ago
> Nobody is claiming that the bus system is anti-competitive to car manufacturers.
Have you heard of the GM streetcar conspiracy?( http://en.wikipedia.org/wiki/General_Motors_streetcar_conspiracy http://en.wikipedia.org/wiki/General_Motors_streetcar_conspi... )
That doesn't make sense in this context though - the analogy breaks down.
The reason why regulation is useful is because unregulated companies collude, form monopolies, fix prices, and eventually kill innovation and prey on their customers. Regulation is a useful tool to provide an even playing field.
Sure, customers may be satisfied with a walled garden now, but how did facebook / twitter / netflix flourish? Using unbiased network traffic. We shouldn't shut the door on new startups.