| ▲ | lyu07282 4 hours ago | |||||||
I think the people who think "free market" will fix any problem are the same exact people who think that it would be a great idea if companies are allowed to own their own fiber or put thousands of satellites into orbit. They will see it as a problem of regulations that it is too cumbersome to put fiber into the ground as a company, and advocate for deregulation, "micro trenching" and privatization, that in order to "let the market do its thing" you need to deregulate the ISPs, get rid of net neutrality, get rid of the FCC, privatize all publicly owned infrastructure not yet privatized. Its the exact cancer of an ideology that made US and European infrastructure a joke. | ||||||||
| ▲ | bigstrat2003 3 hours ago | parent | next [-] | |||||||
The problem here is, unironically, caused by the government getting involved. Many of these companies are granted legal monopoles in their service areas. If someone dares to start a competitor, the incumbent harasses them with lawsuits to try to shut them out. The free market isn't all sunshine and rainbows (and natural monopolies like infrastructure are a place where it frequently fails), but the market is not particularly free in this case. | ||||||||
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| ▲ | parineum 3 hours ago | parent | prev [-] | |||||||
> Its the exact cancer of an ideology that made US and European infrastructure a joke. The cancer isn't deregulation or regulation but rather regulatory capture. Making the barrier of entry to the market so high that nobody can compete with existing players. Nearly every dysfunctional market in the US could be made better by deregulation, not because regulation is bad but because it's badly regulated. | ||||||||
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