Re: The FCC is planning new net neutrality rules. And they could enshrine pay-for-play. - The Washington Post

[Andris Kalnozols <andris () hpl hp com>]

On 4/24/2014 8:38 PM, Larry Sheldon wrote:
> On 4/24/2014 10:23 PM, Patrick W. Gilmore wrote:
> > The invisible hand of the market cannot fix problems when there is a
> > monopoly.
> >
> > Put in economic terms, a player with Market Power is extracting Rents.
> > (Capitalization is intentional.)
> >
> > Regulating monopolies allows a market to work, not the opposite.
>
> Regulating monopolies protects monopolies from competition.
>
> Monopolies can not persist without regulation.
>
> A regulated monopoly is a monopoly, with all of the powers granted to
> monopolies by regulation.

"In theory, there is no difference between theory and practice.
 In practice, there is." --- Yogi Berra

Due to the existence of Regulatory Capture, Mr. Gilmore has a point.