Capitalism vs Competition
In theory, the thing that makes capitalism work is competition. When competition is alive and well, it balances the normal drive of capitalist companies to maximize profit. In short, you get a healthy economic system, one that works well with human nature.
But what happens when those companies can avoid competition? Or become so powerful they can stifle competition altogether?
The answer can be found in the link below:
In the US, small to medium sized cities that are NOT serviced by the big communications companies [because they are too small to show a profit] can offer their residents a non-commercial broadband network. This network is often faster than that offered by the big telcos.
In the Venturebeat article, we see what happens when the big telcos get worried by competition from these non-commercial networks. Not pretty.
Things are different here in Australia, but only because we are behind the times. I truly wish our municipal councils offered high speed broad to the homes in their areas. That would be a fantastic innovation. We can but hope.
cheers
acflory
