Comment Re:Hmm... (Score 5, Insightful) 270
Root of the problem: "as a privatised, state-backed monopoly without a forceful regulator...."
When are governments going to learn? If you are going to privatize, you have to OPEN up the market rather than create a quasi-governmental monopoly. This reeks of mercantilism, which is a pre-capitalistic notion that it is better for a government to protect its industries than open the market to trade and/or competition.
Mercantilism always has bizarre and harmful unintended consequences.
When are governments going to learn? If you are going to privatize, you have to OPEN up the market rather than create a quasi-governmental monopoly. This reeks of mercantilism, which is a pre-capitalistic notion that it is better for a government to protect its industries than open the market to trade and/or competition.
Mercantilism always has bizarre and harmful unintended consequences.
