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Technology Stocks : AUTOHOME, Inc -- Ignore unavailable to you. Want to Upgrade?

To: ERM who wrote (3410)	12/16/1998 11:43:00 AM
From: ahhaha	Read Replies (1) \| Respond to of 29970

All telecommunications are under the purview of the FCC. Granting operating licenses is no different from any business getting local approval to do business. If there is a dispute involving interstate commerce, the FCC supersedes local authority. Reorganization of local territory boundaries must be approved by the FCC. There are other constraints and requirements that come from non-local authority. Government is doing what people want, providing the illusion of protection. Whether the authority is local or national isn't significant. The fact that licensing is exclusive a priori prevents the existence of competitors, so how could anyone believe that the local operator is competitive? The local and national authorities set prices. How can the price adjudicating mechanism work where it is precluded from doing so. No protection is afforded, only the ability to legally steal is supported. This is what people pay the protection money to get: protection from their own best interest.