Monopoly Australia - Internet
Australia has a long history of creating wealth by contrived scarcity licensing. A government licence enables wealth transfer from consumers of the resource to holder of the licence.
Badly privatised monopolies like Telstra are some of the worst examples of contrived scarcity licensing.
Why we all hate Telstra
"Where are the hot spots?" I asked.
"Oh," he replied, "we don't have open hot spots in Australia. Our bandwidth is metered — no one can afford an open point for access to the net."
Coming from the United States, I was accustomed to free, wireless internet in nearly every space where people gathered — I even began to see it as a necessity. How had things turned out so differently in Australia?
"A few years back," Weiley replied, "Telstra — that's the national telco — made an agreement with all the internet providers in Australia that set the price of data traffic incredibly high."
I asked: "Isn't there any way around Telstra?" He gave me a sarcastic grin. "No. They control the cables that go overseas. They've made it impossible for anyone else to build a competing service."
From that moment, I hated Telstra with a passion.