[12839] in Commercialization & Privatization of the Internet
Re: Monopoly, competition, and subsidies
daemon@ATHENA.MIT.EDU (Bruce Fancher)
Tue May 31 05:53:37 1994
From: bruce@phantom.com (Bruce Fancher)
To: ms6b+@andrew.cmu.edu (Marvin Sirbu)
Date: Mon, 30 May 1994 21:26:39 -0400 (EDT)
Cc: com-priv@psi.com, draperk@io.com
In-Reply-To: <YhtePzO00VADE89JkN@andrew.cmu.edu> from "Marvin Sirbu" at May 27, 94 10:05:51 pm
[Marvin Sirbu] has written:
|
| They also recognize that a model which calls for competition and no
| subsidies to anyone will not provide what the majority of the society
| has deemed the minimal acceptable service to the poorest of the poor, or
| even the average person living on a farm or other costly-to-serve
| location.
|
| Marvin Sirbu
|
This is an incorrect assertion. A free market with no subsidies and/or
government interference will provide the greatest benefit for the most
number people (ie: access will become available faster and cheaper than
it otherwise would). To deny this is to misunderstand economics.
