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Showing posts with label Bernie. Show all posts
Showing posts with label Bernie. Show all posts

July 24, 2017

Remember when Bernie Sanders misunderstood why Romania has great internet?

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  3. Remember when Bernie Sanders misunderstood why Romania has great internet?
Transcendentia 23 hours ago#1
https://mises.org/blog/bernie-sanders-meets-romanian-internet

Fierce competition led to aggressive innovation and a race to slash prices and improve quality. The government took a long time to realize the pace of these developments, and was slow in hampering the growth of what we can assume is still the freest sector of the Romanian economy. That the number of ISPs has dipped in recent years may indicate that the regulators are catching up, but the market seems to be going strong for now.

the tl;dr is that because of limited government regulation in Romania, many new ISPs were able to enter the market and compete for market share. that resulted in lower costs and higher quality for the consumer. the only thing slowing it down now is more government regulation, but it's still a strong market. you can get very solid internet for much less than what it costs in America.

poor Bernie probably thought that Romanian communism from decades ago had something to do with it, though. America needs to make it easier for new competition to enter the market. it's the only way for competition to drive down prices and increase innovation. right now the government is propping up giant mega-companies like comcast and at&t and the like, and these companies are so powerful and so ironclad because of the protections afforded to them...that no new ISP has a chance at growing.
Damn_Underscore 23 hours ago#2
In the US it's sort of the opposite

A few ISPs have monopolies in the different regions, the government doesn't care and supports those companies
Shenmue II = best game of all time
Shenmue = 2nd best game of all time
Transcendentia 23 hours ago#3
Damn_Underscore posted...
In the US it's sort of the opposite

A few ISPs have monopolies in the different regions, the government doesn't care and supports those companies


i literally said that
Damn_Underscore 23 hours ago#4
Well yes but that involves government intervention/regulation
Shenmue II = best game of all time
Shenmue = 2nd best game of all time
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  3. Remember when Bernie Sanders misunderstood why Romania has great internet?