The FCC is planning new net neutrality rules. And they could enshrine pay-for-play. - The Washington Post
Larry Sheldon
LarrySheldon at cox.net
Fri Apr 25 03:38:13 UTC 2014
On 4/24/2014 10:23 PM, Patrick W. Gilmore wrote:
> The invisible hand of the market cannot fix problems when there is a monopoly.
>
> Put in economic terms, a player with Market Power is extracting Rents. (Capitalization is intentional.)
>
> Regulating monopolies allows a market to work, not the opposite.
>
Regulating monopolies protects monopolies from competition.
Monopolies can not persist without regulation.
A regulated monopoly is a monopoly, with all of the powers granted to
monopolies by regulation.
--
Requiescas in pace o email Two identifying characteristics
of System Administrators:
Ex turpi causa non oritur actio Infallibility, and the ability to
learn from their mistakes.
(Adapted from Stephen Pinker)
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