Comment Re:Is that because of the monopoly? (Score 1) 78
My personal take after reading The Idea Factory (really good book btw) was that it was actually a combo of a monopoly with close government accountability that produced some remarkable results.
Basically, Bell had a monopoly, and in anti-trust hearings ~early 1900's it was argued that it was necessarily a monopoly from a technical perspective in order to have standardization of communication across the country. Congress reluctantly agreed, and granted Bell the ability to maintain the monopoly under the constraint that they must continually show that continuing it served the public interest.
Bell Labs was a big part of that - funneling profit into Bell Labs, and providing research and development that helped create the entire information age absolutely served the public interest (development of the transistor and cellular networks being two of the largest innovations coming out of that institution).
My personal take is that what we really saw was an unusually effective success story of checks and balances. Bell had strict accountability and a burden to prove that their existence served the public interest, and the courts and congress served as a check on business practices that would have really abused that monopoly. At the same time, you didn't have the situation we have with NASA, where congress is actually trying to impose rocket designs on NASA - that's very different, where instead of congress serving as accountability, congress is trying to drive pork into their districts. We should be striving for the Bell Labs model in more places IMO - business is allowed to do what business does best and works to maximize profit, and then government acts as accountability to make sure the profit motive isn't driving abusive behavior and the organization still serves the public interest. Big, powerful institutions in business and government should be set up to provide accountability to each other.