said by pnh102 
:Does the NY Times not know what the purpose of an auction is? It is for the seller to get the highest possible price for the item being sold. Auctions have nothing to do with allowing for newcomers to enter the field.
If a newcomer could outbid any of the established companies, then said newcomer would cheerfully have access to said item.
From the government's perspective, the auction was quite successful, netting in billions of dollars. Why did the NY Times not focus on how the government made out like a bandit as a result of this auction?
Yup... In this case the rich get bigger and the poor go out of business..
·