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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Larry S. who wrote (26494)	2/15/2005 1:34:53 PM
From: yard_man	Respond to of 110194

>>You compound your misunderstanding by suggesting the VOIP will replace the existing network.<< I never claimed this -- I was responding to a post. I never mentioned VOIP. The old local-loop subsidy is plain BS. The telecom biz was a government protected franchise from the start and costs are undoubtedly higher as a result. I'm no idiot with respect to the costs. I worked 5 years as a regulator. Government royally screwed it up -- the costs would be a lot lower had we not had the system in the first place and appeals to "natural monopoly" as a justification for the government protected franchise. My whole pt is still valid. For telecom -- the natural monopoly argument regarded technology as static and that there would be inordinate waste allowing competition and duplication. Total BS -- instead government interference stymied competition and the march of technology. Water and sewer may be different, but I am not sure I even buy the natural monopoly argument as relates to electric service having worked in this field.