Re:Google just deleted my nearly 10-year-old free and open-s...
by javert on Thursday August 29, 2019 @05:00PM
(#20833615)
If you look up the history of car dealerships: the whole dealership system is based on dealers lobbying the government to protect them. It's regulatory capture. The car makers hate the dealers.
There are 2 main kinds of telco in the U.S.: telephone line based ones and cable based ones. Historically, companies got each local municipality or country to give them a monopoly (literally) on one or the other. So yes, the telco industry is a pure monopoly play in the U.S.
Banks: I have no problem with what you are talking about in my personal experience, but you can always switch to a credit union. Basically all a credit union is in practice is a nice bank. That's their niche in the market summed up in 2 words.
> If you're a monopoly and the government doesn't step in, they are basically granting you a fief over that area.
Monopolies don't happen unless the government grants one (either explicitly or implicitly through regulatory capture). A monopoly is not just a giant company with a dominant marketshare. It's easy to compete with those.
There are 2 main kinds of telco in the U.S.: telephone line based ones and cable based ones. Historically, companies got each local municipality or country to give them a monopoly (literally) on one or the other. So yes, the telco industry is a pure monopoly play in the U.S.
Banks: I have no problem with what you are talking about in my personal experience, but you can always switch to a credit union. Basically all a credit union is in practice is a nice bank. That's their niche in the market summed up in 2 words.
> If you're a monopoly and the government doesn't step in, they are basically granting you a fief over that area.
Monopolies don't happen unless the government grants one (either explicitly or implicitly through regulatory capture). A monopoly is not just a giant company with a dominant marketshare. It's easy to compete with those.