[–] Isamu 6y ago ↗ > The problem is that monopolies aren't just bad because they raise prices, they're bad because they are monopolies.The specific harms raised are valid, but I get tired of this generalization. The Bell System was an example of a well regulated monopoly. [–] georgeecollins 6y ago ↗ Some monopolies are necessary, like utilities. But they need to be regulated.
[–] georgeecollins 6y ago ↗ Some monopolies are necessary, like utilities. But they need to be regulated.
[–] mgms3535 6y ago ↗ There are clear arguments that Bell was managed like a national utility and they ended up allowing all use of their massive parent portfolio for free
[–] mips_avatar 6y ago ↗ Nytimes daily podcast covered this today. https://www.nytimes.com/2020/03/31/podcasts/the-daily/corona...Super frustrating how the interests of the healthcare industry aren't aligned with national health.
[–] Spooky23 6y ago ↗ No, conservative economic and legal policy combined with judicial activism killed antitrust and other regulation, which enables bad market behavior.
[–] doggodad 6y ago ↗ It's "Medtronic," not "Medtronics."Also, the AARC recommended in 2006 and 2008 that HHS add 10k+ ventilators to the SNS, but they didn't. The SNS ventilators that were stored were mostly unmaintained and unusable thanks to the lack of maintenance funding.https://www.aarc.org/wp-content/uploads/2018/08/issue-paper-...
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[ 3554 ms ] story [ 1008 ms ] threadThe specific harms raised are valid, but I get tired of this generalization. The Bell System was an example of a well regulated monopoly.
Super frustrating how the interests of the healthcare industry aren't aligned with national health.
Also, the AARC recommended in 2006 and 2008 that HHS add 10k+ ventilators to the SNS, but they didn't. The SNS ventilators that were stored were mostly unmaintained and unusable thanks to the lack of maintenance funding.
https://www.aarc.org/wp-content/uploads/2018/08/issue-paper-...