The FCC is planning new net neutrality rules. And they could enshrine pay-for-play. - The Washington Post

Andris Kalnozols andris at
Fri Apr 25 03:50:42 UTC 2014

On 4/24/2014 8:38 PM, Larry Sheldon wrote:
> 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.

"In theory, there is no difference between theory and practice.
  In practice, there is." --- Yogi Berra

Due to the existence of Regulatory Capture, Mr. Gilmore has a point.

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