[171275] in North American Network Operators' Group
Re: The FCC is planning new net neutrality rules. And they could
daemon@ATHENA.MIT.EDU (Andris Kalnozols)
Thu Apr 24 23:51:11 2014
Date: Thu, 24 Apr 2014 20:50:42 -0700
From: Andris Kalnozols <andris@hpl.hp.com>
To: nanog@nanog.org
In-Reply-To: <5359D8A5.7030107@cox.net>
Errors-To: nanog-bounces+nanog.discuss=bloom-picayune.mit.edu@nanog.org
On 4/24/2014 8:38 PM, Larry Sheldon 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.
>>
>> 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.
"In theory, there is no difference between theory and practice.
In practice, there is." --- Yogi Berra
Due to the existence of Regulatory Capture, Mr. Gilmore has a point.
