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Power, natural gas, gasoline, water, mobile contracts, railways, internet access are probably better analogies. They have tendencies to (local) monopolies but also a lot of precedent and knowledge on how to regulate and break them, how to introduce competition.

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I don't think so. You can't practically buy electricity from halfway across the planet but you can buy tokens. There's no local infrastructure to monopolise.

they broke up Ma Bell, but they've never done anything about the internet access. Mobile is an oligopoly.

The breakup of AT&T was the proximal cause of Ronald Reagan and Robert Bork installing the CWS shackles onto the US antitrust apparatus.

Here's the thing: we could remove those shackles. US antitrust law had a good 50 year run, it could have another. Lina Khan was working on it, you probably saw the flak. This was on the ballot in 2024 and it will be again in 2028.

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