Market failure cannot be a problem in telecommunications and the Internet, since communications has been a comprehensively regulated industry almost since the outset. If anything, political Failure is the matter at hand.
But let’s look at market failure a little more anyway.
In the prior installment (Pt. 5) of “Before Net Neutrality
Eats The World,” some fallacies motivating net neutrality were itemized. These fallacies rely on the notion that market failure exists, but that
political failure and pressure group activity do not exist in the Internet
communications sector…..To Read More…..
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