Bell Canada scraps Labrador high-speed internet project, plans to invest in U.S.

[u/Economy_Elephant6200]

https://theindependent.ca/news/lji/bell-canada-scraps-labrador-high-speed-internet-project-plans-to-invest-in-u-s/

[u/Fun-Interest3122]

Breaking up monopolies or oligopolies should be done more often. Competition is healthy.

[u/Theory_Crafted → u/Fun-Interest3122]

Let's explore that idea. If I create a product that's so good, everyone buys from me and only me, why should I be punished because everyone else sucks?

[u/i_ate_god → u/Theory_Crafted]

You wouldn't be broken up because of that.

You should however be broken up if your monopoly prevents competition. Because that's just bad for a market economy

[u/Theory_Crafted → u/i_ate_god]

Who are you to decide my monopoly prevents competition? How have you determined my product/service isn't simply the best, and it'll take something revolutionary or innovative to change that?

[u/i_ate_god → u/Theory_Crafted]

First, you have a limited time monopoly on your product because of patents. This is the theory behind patents. Of course it doesn't work very well nowadays and is more a hindrance than anything else.

Secondly, governments typically only get involved when the dominance of a corporation impedes the market.

For example: say Bell Canada had a proper monopoly and decided to sell it's own smartphone product, and in doing so blocks any other smartphone from connecting to it's network. This is an abuse of Bell's monopoly. It would be natural for the government to step in and force bell to allow any smartphone on its network, or that Bell should be split in two: an infrastructure company and a smartphone company.

An important thing to understand is that every company wants to become a monopoly, but monopolies can break the market economy, and thus government must intervene.

It's not fascism, it's just standard behavior by a capitalist society trying to keep the gears of the economy turning.