Re: I hope they all merge
by
endorendil
06/19/2008, 7:56 PM #
Greg, I agree that there are issues where a monopoly of some part of the process is unavoidably more efficient than anything even a healthy, regulated market can provide. Road and railway infrastructure come to mind, as do healthcare, education and wireline infrastructure. But wherever a monopoly is unavoidable, it needs to be run by the state, so that it can be kept fully transparent and accountable to the people. It also needs to be kept minimal.
In wireless communications, the state monopoly on the allocation of spectrum is regrettable, but necessary. But beyond that, there is no reason why there should be a monopoly. Yes, one does not want to have dozens of independent operators, but it seems not too inefficient to have 3 or 4 in each market.