If government wants to do that by contacting out a bunch of the effort, ok!
Government trying to insure good baselines, not just regulatorily, but actually doing the work & owning the system (again even if contacted) feels like it's ever more necessary step to keep a healthy society.
No it isn't. NPCI is owned by a consortium of banks.
But it could work pretty well if it's funded by bonds it has to pay back out of subscription fees and a default causes everyone involved to be fired.
Your second thought sounds like a good idea. Let's have another competitor (government) funded by private entities via debt equity (bonds) which is paid back by customer receipts (profits) where failure equals unemployment. Actually, this is starting to sound like a business, but with more steps and the power to pass laws affecting its own operating environment. What's the advantage to having the government be the competitor?
Voters choose management instead of shareholders. Maybe they'd make different choices. Diversity is good.
Yes in many place that would drive out current businesses.
If we are worried about inefficiency, maybe we make government compete with itself. Have it's initiatives be charters, and issue new overlapping charters over time. Governmemt is not required to have a stasist implememtation; dynamic behavior can be part of the system.
They're two independent things. If a different management style would produce a public benefit then do it without access to the taxing power. If using tax money to subsidize some service is in the public interest (spoiler alert: it rarely is) then the subsidy should go to anyone providing that service.
> Yes in many place that would drive out current businesses.
Which is the problem -- because then they're no longer competing, and it's the competition on equal terms that keeps them honest. If they're actually helping people then people should have no trouble voluntarily choosing their unsubsidized offering. Without that they're just an unregulated monopoly susceptible to inefficiency and corruption.
> If we are worried about inefficiency, maybe we make government compete with itself. Have it's initiatives be charters, and issue new overlapping charters over time. Governmemt is not required to have a stasist implememtation; dynamic behavior can be part of the system.
Charters where funding only goes to the politically connected are effectively corruption, and whoever is getting fat off the cash will exert their influence to make sure no one capable of doing it more efficiently can get access to the funding. Charters where funding goes to anyone who signs up to provide the service are effectively tax credits.
https://www.speedtest.net/global-index#fixed
Other rankings seem to more or less agree on that too.
Meanwhile millions of Americans are stuck with 1.5 Mbps DSL or really expensive Satellite internet.
https://en.wikipedia.org/wiki/List_of_sovereign_states_by_In...
Not that all speeds above 20 Mbps are equal, but there are heavy diminishing returns. IMO, I would rank countries by percentage of 50+Mbps internet connections.
You probably need to measure lower percentiles to get an idea of how bad it can get.
Suppose you were looking at countries median car top speed. Fining one countries median is 150 MPH vs 156 just don’t tell you much when you can’t drive that speed on public roads. Or in internet terms Netflix etc isn’t sending 8k stream let alone multiple 8k streams.
On the other hand many internet connections can’t handle a single 4k or even 1080p so percentage of connections over X threshold is more impactful.
Now if people where measuring say the median miles per gallon or in internet terms say latency or bandwidth caps then the median actually matters more.
E.g.
* Country/ISP A has 4 gigabit fiber for $100/month, and 1 gigabit for $50/month.
* Country/ISP B has 4 gigabit fiber for $100/month, and 1 gigabit for $90/month.
In country A a lot more people are going to opt for 1 gigabit - it's way cheaper and still good enough - therefore their average speed stat is going to be lower even though the actual options are strictly better than in country B.
In New Zealand we have a national fibre network covering about 90% of the population. That was built by four private entities to a set of minimum specifications and with some government subsidies. These companies are not allowed to sell retail services, must offer wholesale access to all ISPs, and have their wholesale pricing regulated.