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

To: ERM who wrote (3415)	12/16/1998 12:33:00 PM
From: ahhaha	Read Replies (1) \| Respond to of 29970

I don't know where you live, but where I live there is one designated carrier. No one else is allowed to enter. The fear here has been that if another company was allowed in, prices would rise. How this conclusion is reached has a long and complicated history. The local authority fear has come from years of fearing, not from any tangible threat. They've invented a fictitious monster which they are still fighting. You say an applicant must receive permission from local authority in order to enter the market. That permission will be denied because of the above unwarranted fear. After decades of this tradition the potential competitors don't even bother making the attempt because they know they can't operate profitably. You say that in areas where several providers operate, they operate as monopolies and they are unprofitable. That is the case because the FCC fixes the price at a rate where the companies can't break even. How could anyone believe that is a free market? It is an inefficient, socialistic, stagnating, mess of government protection. So how could you claim that the market is dictating anything? There is no market. Where government fixes price or conditions entry, you don't have anything near a market. You have a government engineered failure. I have argued all of this many times with university econ professors. Few have ever had even a simple understanding of what a market is. They all bring much baggage to the discussion accumulated from endless thought experiments and a poor reading of history. There is a giant conspiracy to paint the business past in colors which completely fly in the face of fact. There is this irrational prejudice to believe that corporations are some kind of evil force. That is never questioned. It is accepted a priori. When that assumption is taken to logical conclusion, the conclusion asserts a falsity. QED.