[jfman]

Originally Posted by Pierre

Because you can’t. Well not with an intelligent argument anyway

It’s a straw man argument unworthy of reply. My point is that billionaires arise from supernormal profits, which occurs in market failure. Your leap that they should be “stripped of wealth” isn’t related to my point.

Ha, that is what is happening all over the nation as we speak. As It did in the early 90’s

Please don’t comment on sectors you clearly no nothing about.

Also I didn’t say this wasn’t happening, I said BT benefit from the existing state funded infrastructure. That’s a statement of fact, regardless of what investment may (or may not) be taking place. Equally, a small number of providers in a market doesn’t necessarily benefit the consumer as it trends to oligopoly pricing not perfect competition (as I’m sure you “no”).

I asked who the billionaires were, clearly you don’t know, maybe there aren’t any, maybe there are.......but you don’t know either way.

Irrelevant to my point. There’s so many straw men here you could have a rugby team.

so you agree privatisation works in principle?

No. Perfect competition works in principle. Where a large number of suppliers offer directly comparable products in a market where there are low barriers to entry. It fails where there are high barriers to entry, or products aren’t directly comparable or easily substituted for each other. Like an Eastern European migrant taking an unskilled job in the industrial heartlands of England - easily substituted.

If the barrier to entry is building a £30bn fibre network, I don’t think my mates and I can just go down to the bank in the morning and set up our own broadband company.