this post was submitted on 17 Aug 2024
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The only thing worse than a monopoly is a government owned monopoly
You prefer your monopolies to not be democratically accountable?
I prefer no monopolies, but if it's something that is a natural monopoly, I certainly don't want it by a for profit foreign company.
Maybe the answer is to split these guys up by country and each government decides what they do with their chunk. We'll see which works best.
Independent not for profits, straight up nationalised, private still(baby Bell), publicly owned and privately run, etc etc.
Best case it's gonna get bloated and beurocratic (any monopoly, but especially state run ones) and if it's government owned they'll use the power of the government to prevent competition (more than a private monopoly which will still try but won't have as much power to do so).
Worst case it goes off the rails and the service is unavailable/unusable. If it's anything important - say the Soviet's food production - anybody who needs that service doesn't get it.
There's not really much difference. Either way it's a legal entity defined by the state and run by the extremely privileged.