Comment by altacc

I long ago came to the conclusion that utilities shouldn't be run by for-profit companies. Companies exist to maximize shareholder profit, everything else is consequential. Essential utilities (which arguably includes internet connectivity) run by companies typically lead to worse service and higher prices for customers. Even worse that most utilities are absolute or de facto monopolies, giving consumers no real choice to even pretend there's a market. This is especially bad when countries are pressured by institutions like the IMF to privatize their utilities as conditions for receiving international loans. Our current model of capitalism is failing in so many ways and the answer is not more capitalism and more ownership by companies.