Fierce Competition Is Usually The Best Regulator
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Submitted by CARPE DIEM
Yes, the Sirius-XM merger would create a “monopoly” in satellite radio, but a merged Sirius-XM will still face fierce competition. AM and FM radio, podcasts, mp3 players, and cell phone programming all compete against satellite radio for listeners. In the future, mobile Internet radio with programmable stations could easily threaten satellite radio, which is not programmable.
“Regulation” by competition, not by the FCC and DoJ, is what is needed.
From Competitive Enterprise Institute, via Cafe Hayek.
MP: Remember that “competition breeds competence.”
