Gyroscopic Investing

No guys, see, this is the success of the legislated ISP oligopoly we have now. They charge the same price across the country, which is higher than the market equilibrium in urban areas, so they can use that money and their economies of scale to charge a price well below equilibrium in rutal areas! If rural areas were only serviced by small ISPs, they'd have to charge exorbitant prices for lower-quality service. It really is a good thing we've got Comcast and Verizon out there helping the residents out!

Oh, what's that? They don't use their inflated urban prices to subsidize rural customers? What? There are no rural customers? It's all small ISPs or outdated infrastructure? The market leaders are getting the forced oligopoly AND the massive profits? Good on you, government!

Pointedstick wrote: Also, it's worth reproducing the top comment on that article:

No guys, see, this is the success of the legislated ISP oligopoly we have now. They charge the same price across the country, which is higher than the market equilibrium in urban areas, so they can use that money and their economies of scale to charge a price well below equilibrium in rutal areas! If rural areas were only serviced by small ISPs, they'd have to charge exorbitant prices for lower-quality service. It really is a good thing we've got Comcast and Verizon out there helping the residents out!

Oh, what's that? They don't use their inflated urban prices to subsidize rural customers? What? There are no rural customers? It's all small ISPs or outdated infrastructure? The market leaders are getting the forced oligopoly AND the massive profits? Good on you, government!

Behind most "market failures" you'll find well-meaning acts of government…

Kshartle wrote:

Pointedstick wrote: Also, it's worth reproducing the top comment on that article:

No guys, see, this is the success of the legislated ISP oligopoly we have now. They charge the same price across the country, which is higher than the market equilibrium in urban areas, so they can use that money and their economies of scale to charge a price well below equilibrium in rutal areas! If rural areas were only serviced by small ISPs, they'd have to charge exorbitant prices for lower-quality service. It really is a good thing we've got Comcast and Verizon out there helping the residents out!

Oh, what's that? They don't use their inflated urban prices to subsidize rural customers? What? There are no rural customers? It's all small ISPs or outdated infrastructure? The market leaders are getting the forced oligopoly AND the massive profits? Good on you, government!

Behind most "market failures" you'll find well-meaning acts of government…

I'm sure another law will solve this problem if we can only vote for enough politicians who support the one we like, I mean the correct one.

dragoncar wrote:

Kshartle wrote:

Pointedstick wrote: Also, it's worth reproducing the top comment on that article:
Behind most "market failures" you'll find well-meaning acts of government…

I'm sure another law will solve this problem if we can only vote for enough politicians who support the one we like, I mean the correct one.

To be fair, the FCC was trying to take a light touch and not classify ISPs as common carriers.  Now they will essentially be forced to.  Good job ISPs!

Kshartle wrote:

dragoncar wrote:

Kshartle wrote: I'm sure another law will solve this problem if we can only vote for enough politicians who support the one we like, I mean the correct one.

To be fair, the FCC was trying to take a light touch and not classify ISPs as common carriers.  Now they will essentially be forced to.  Good job ISPs!

Who is forcing the FCC to do anything?