[171274] in North American Network Operators' Group
Re: The FCC is planning new net neutrality rules. And they could
daemon@ATHENA.MIT.EDU (Patrick W. Gilmore)
Thu Apr 24 23:45:18 2014
From: "Patrick W. Gilmore" <patrick@ianai.net>
In-Reply-To: <5359D8A5.7030107@cox.net>
Date: Thu, 24 Apr 2014 23:44:48 -0400
To: NANOG list <nanog@nanog.org>
Errors-To: nanog-bounces+nanog.discuss=bloom-picayune.mit.edu@nanog.org
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On Apr 24, 2014, at 23:38 , Larry Sheldon <LarrySheldon@cox.net> wrote:
> 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.
>>=20
>> Put in economic terms, a player with Market Power is extracting =
Rents. (Capitalization is intentional.)
>>=20
>> Regulating monopolies allows a market to work, not the opposite.
>>=20
>=20
> Regulating monopolies protects monopolies from competition.
>=20
> Monopolies can not persist without regulation.
You are confused.
Unless you are talking about "persist" on a time horizon spanning =
generations. If so, then nothing can persist, with or without =
regulation. And more importantly, I am not willing to wait that long for =
a fix.
> A regulated monopoly is a monopoly, with all of the powers granted to =
monopolies by regulation.
Regulations can work to ensure monopolies do not form. This is not =
supposition, but historical fact.
It is an open question whether our current regulator regime is capable =
of repeating that feat, however.
--=20
TTFN,
patrick
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