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… are unable to choose a different middleman? In a town with ten newspapers, finding a newspaper that brings you the truth you seek is not a challenge. But network effects and lock in mean that in more and more arenas, there's a natural monopoly arising. The simple example is cable TV. It doesn't pay to wire a town with five or six competing cable…
The internet and big media are wrestling with chokepoints. Cable TV companies, for example, are a natural monopoly in the home. Everyone only has one provider. If the provider has an argument with a TV network, they kick them off, the signal doesn't get through, the viewer gets nothing. One of the arguments behind the common sense of net neutrality is that chokepoints and to ...