this post was submitted on 27 Jun 2023
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US Broadband Monopolies Once Again Push Idea That Tech Giants Should Pay Them Billions For No Reason (www.techdirt.com)
submitted 1 year ago by L4s to c/technology
9 comments fedilink hide all child comments
 

We’ve noted several times how European telecom giants have somehow convinced European policymakers that technology giants like Netflix and Google should annually give them billions of dollars… for no coherent reason. The proposal is dressed up to sound like a sensible adult policy aimed at shoring up broadband access to the downtrodden. In reality it’s net…

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[–] nichos 2 points 1 year ago

It's not at all natural, and would not have happened if government didn't step it to create a "regulated monopoly".

Fast food, gas stations, supermarkets, etc are all unregulated^1^ and there's countless offerings there. That's capitalism. This is crony capitalism. These companies work with the government to lock out competition.

1 - Yes, these industries have regulation, but there's no regulation whatsoever on opening an identical business next to an existing one. We see it all the time, a lowes next to homedepot, burger king next to mcdonalds, etc.