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

[Larry Sheldon <LarrySheldon () cox net>]

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.

--
Requiescas in pace o email           Two identifying characteristics
                                        of System Administrators:
Ex turpi causa non oritur actio      Infallibility, and the ability to
                                        learn from their mistakes.
                                          (Adapted from Stephen Pinker)