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Current time: January 21, 2025, 10:18 am

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The end of the enlightenment?
#21
RE: The end of the enlightenment?
Vital services are those which enjoy substantial economies of scale, so that multiple competing small players will be fundamentally substantially less efficient than, and therefore uncompetitive with, one large single player, and loss of the large player can not adequately made good by multiple smaller new entrants. This type of services are natural monopolies whose existence is itself a public good, but whose tendency towards monopoly pricing and unincentive towards improvement must be controlled very cumbersome government regulation or government ownership.

Cases where breaking up of regulated or government owned services let to demonstrable loss of efficiency and service quality is more numerous then you think.
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#22
RE: The end of the enlightenment?
(October 17, 2010 at 11:52 am)Tiberius Wrote: Again, there is no motive (why am I repeating myself?). I asked downbeatplumb what he meant by "vital services". I await his answer. I will then discern whether I agree with his "ideal society" or not.

Of course I understand what broadcasting is, but I do not see it as a "vital" service that needs to be run by the state. In fact, I would reject any attempt made by the state in taking over broadcasting. Historically speaking, when that happens, it leads to state propaganda. I don't want the state controlling the information I have access to; I want that information out in the free market. Maybe you like the state controlling what current affairs or news you know about, but that kind of system only gives me the shivers.

Well Adrian your ideal society is playing its card now. All we have to do is wait and see what happens!


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