▲ | Dracophoenix 10 hours ago | |||||||
Regulation is in fact pro-monopoly. It serves as a cudgel against would-be competitors and keeps incumbents in place even where they would produce worse service at a higher cost. Deregulation as demonstrated in the industries of air travel and telecommunications have produced more competition, not less. | ||||||||
▲ | shmerl 10 hours ago | parent [-] | |||||||
Is this some kind of joke? Air travel and telecommunications had some of the worst consolidations over time. Nothing good came out of it precisely due to decrease in competition. This reminds me 1984 with its war is peace, freedom is slavery, ignorance is strength. Now add to that your "monopoly is free market" koolaid. | ||||||||
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