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sonicmerlin

join:2009-05-24
Cleveland, OH
kudos:1

reply to LegoPower77

Re: Government panacea

said by LegoPower77:

It always amazes me when the blogger talks about lack of competition. Monopoly/duopoly problems are caused by government regulations.

I'm not saying there shouldn't be rules of the road, but anything much beyond the enforcement of contracts is too far for the government and leads to the problem of the crony-capitalistic system we now have.

The other thing, from an economic standpoint, is that when we treat broadband as a public utility, while having some benefits, the costs are not talked about.

Those costs are higher prices through less efficient means of production (e.g., rates-of-return pricing causes the firm to hold on to older out-dated equipment longer), and less innovation (because profits are guaranteed through a regulatory board so why try to build a better mousetrap?).

Tell me what I'm missing.
Everything you said was either a lie, totally contradictory, or completely illogical. That's what you're missing.

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