Quote:
Originally Posted by Frieza_Prexus
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Possibly. Monopolies tend to be tolerated when they provide value and essential service. That tolerance is granted in exchange for heavy oversight given how essential the service is. The problem we have now is that ISPs are beginning to form a vertical monopoly like Standard Oil did under Rockefeller. They not only control the means of distribution, they have a stake in its production and consumption as well. This is basic economics, and these types of monopolies are incredibly dangerous to the general public.
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One difference, though, is one would assume that natural behavior for a monopoly would be to restrict output and jack up the price. This wasn't true at all with Standard oil, as output continued to grow and prices went down. Same thing happened with ALCOA.
Comcast, however, a government granted monopoly certainly is guilty of that.
12-15-2017, 02:08 PM
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