"Does it follow that the new monster-UBS will usher in an era when banks are large, heavily regulated utilities, or even effectively nationalized industries?"
"The maddest examples have come when monopolies – water, rail – have been sold to private firms, even though competition is the only thing that makes markets work. A private monopoly is the worst of both worlds: no competition-based incentives to improve, and no public-good ethos pushing the organisation to look out for citizens’ interests."
#MaxRashbrooke, 2025
@phocks
We'll never forget a telco saying, we just on-sell the data packages the govt (#nbnCo if we remember) sell to us wholesale.
Horray, corporate capture of #naturalMonopolies!
"Does it follow that the new monster-UBS will usher in an era when banks are large, heavily regulated utilities, or even effectively nationalized industries?"
@icedquinn
Sustainable Australia Party used to call these "de facto standards" "#naturalMonopolies".
They used to argue that such natural monopolies must be made public.
They may still do, but we can no longer access their site as #cloudFlare blocks access to it. Cloudflare serve a number of other #minorParty websites, all of which are inaccessible.
Keep in mind, #Australia is IN AN #ELECTION, right now.
#auspol #privacy #electionMeddling #electionRigging #USA #democracyDoesNotExist
@LibreSolutionsNetwork
While that is a good abstracted "effect of fascism" the story is simple.
> Facism is the melding of govt with #bigBusiness.
In the case of #theWest, the most fascism over the generations has stemmed from #banking and finance, but we see big #propertyDevelopers, BigPharma, #CAGEFAM and a MilitaryIndustrialComplex, as unwieldy and extremely dangerous bedfellows with govt.
Natural monopolies should only be govt managed.
@nonlinear
Precisely, people will pay taxes for things that they see value in, yes. Things that are palatable. People will take a active role in what their government is spending their taxes on.
Unlike today.
With never-ending streams of funds going to grifters for often #uselessJobs, or jobs that would be #volunteer. There should be a #UBI, and a govt that manages #naturalMonopolies, preventing other monopolies from forming, and have protections for environment, health and safety.
Then there are monopolies that are removed from public scruitiny altogether (eg. Cloudflare). One main irony to us, is that that #FFFDotOrg link you posted is on a Cloudflare website, @lain, many social progress indicators have been or are going down especially since the 1970s.
Most thinkers seem to be on the page of #naturalMonopolies being managed by the ppl collectively - ie. govt and not by oligarchic corporations.
> FCC should exist for limited and difficult to manage resources like radio bandwidth but probably not for private resources like cable television/ internet. or maybe it should when those services reach monopoly status.
The term we've adopted is #naturalMonopolies and yes they do need to be govt, (ie. WeThePeople) operated. Eg. land registries, roads, water treatment, electricity grid, radio frequencies, immigration system, law courts, naturalResourceManagment etc.