What do you need to control? An unregulated market is perfectly capable of controlling itself by consumer choice. The only way for a monopoly to perpetually exist is with government intervention Take GM for instance, which should have gone out of business along with AIG. We do not have a free market in the United States and that is why everyone is bitching that big companies need regulation. A study of the issue will quickly reveal that government and regulation is the problem and not the solution. In a free market the only way for a company to maintain any kind of monopoly is to satisfy consumers. That is a good thing because if consumers are not happy they will go elsewhere. But they can't go elsewhere in a regulated market because there is no competition because the cost to enter the market is too high. In a free market the big companies are always threatened by someone coming along and doing it better.
A free market is similar to what is going on in the unlicensed wireless spectrum. Smaller regional companies are popping up all over the place threatening big national wireless companies. Free market means zero cost to enter the market in government licensing, permitting, or any other regulation but obviously we do not completely have that, but in the 900mgz & 2.4ghz wireless markets there are no big license fees just the typical few hundred bucks to start a business. Try to start up a 3G wireless company in the licensed spectrum. You can't because it is too cost prohibitive. The government keeps the big companies in power by licensing exclusive use of the spectrum and backing up that license with the full weight of the law. The cost to enter the licensed wireless spectrum is so cost prohibitive it stifles competition.
If there were not so many automobile regulations that made it too cost prohibitive I am quite confident there would be more entrepenuers producing and selling cars that ran on anything but fossil fuels since there are plenty of alternate technologies have been around for several decades. Would the internet be as popular as it is today if it was regulated and people had to pay several thousand dollars to start a web site in government fees?
Will be waiting for the responses. Every post in this thread so far seems pro regulation...
Re: Controls
Member #: 43860
Registered: 1/23/2006
Posted:
82
Name:
TDD
Company:
Cable
Occupation:
Slave
Location:
U.S
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