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	<title>Comments on: Regulation by Markets, Not by Bureaucrats</title>
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	<link>http://cafehayek.com/2008/07/regulation-by-m.html</link>
	<description>where orders emerge</description>
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		<title>By: vidyohs</title>
		<link>http://cafehayek.com/2008/07/regulation-by-m.html/comment-page-1#comment-27761</link>
		<dc:creator>vidyohs</dc:creator>
		<pubDate>Fri, 25 Jul 2008 10:36:03 +0000</pubDate>
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		<description>&lt;p&gt;Chris,&lt;/p&gt;

&lt;p&gt;I guess I have to work on my writing.&lt;/p&gt;

&lt;p&gt;I thought I made it clear that I recognize that the &quot;product&quot; offerred by satcom could be found everywhere and at anytime. &lt;/p&gt;

&lt;p&gt;I believe I said this:&lt;br /&gt;
&quot;However, to me it makes sense that if competition is the holy grail then allowing the only two satcom radio stations to combine into one station, retain both of the independently issued licenses and all the channels regulated to satcom radio defeats the purpose. It does indeed establish a monoploly over that method of radio broadcast.&quot;&lt;/p&gt;

&lt;p&gt;which is begun with the word &quot;if&quot; in the first sentence and ends with the words &quot;over that method of radio broadcast&quot; in the last sentence.&lt;/p&gt;

&lt;p&gt;I fully appreciate that music is available to me through other sources; however, to hear music on FM and AM I am going to hear commercials and other annoying things. If I am not mistaken the satcom stations offer music free of such annoying BS. This gives them a competitive edge in my book. I also believe that they offer channels pretty much tailored to a person&#039;s taste. Another competitive edge.&lt;/p&gt;

&lt;p&gt;While monopolizing satcom it is true that XM &amp; Sirius does not monopolize music or entertainment.&lt;/p&gt;

&lt;p&gt;I can make CDs of any audio all day long free from my computer and so can you, my only cost is the investment in time in locating and overseeing the recording of audio that I want. However, in my lifestyle as it currently is I am increasing strapped for time to invest in that collection. So I might be a potential customer for satcom radio and if so, I want the best competitive price for it. &lt;/p&gt;

&lt;p&gt;I thought the paragraph I quoted from my previous post was clear about me thoughts. And, my thoughts reflect the only position I have on the subject and that is limited to the common sense in that paragraph.&lt;/p&gt;

&lt;p&gt;I don&#039;t think we have a quarrel, Chris, nor even a disagreement.  &lt;/p&gt;

&lt;p&gt; &lt;/p&gt;</description>
		<content:encoded><![CDATA[<p>Chris,</p>
<p>I guess I have to work on my writing.</p>
<p>I thought I made it clear that I recognize that the &quot;product&quot; offerred by satcom could be found everywhere and at anytime. </p>
<p>I believe I said this:<br />
&quot;However, to me it makes sense that if competition is the holy grail then allowing the only two satcom radio stations to combine into one station, retain both of the independently issued licenses and all the channels regulated to satcom radio defeats the purpose. It does indeed establish a monoploly over that method of radio broadcast.&quot;</p>
<p>which is begun with the word &quot;if&quot; in the first sentence and ends with the words &quot;over that method of radio broadcast&quot; in the last sentence.</p>
<p>I fully appreciate that music is available to me through other sources; however, to hear music on FM and AM I am going to hear commercials and other annoying things. If I am not mistaken the satcom stations offer music free of such annoying BS. This gives them a competitive edge in my book. I also believe that they offer channels pretty much tailored to a person&#39;s taste. Another competitive edge.</p>
<p>While monopolizing satcom it is true that XM &amp; Sirius does not monopolize music or entertainment.</p>
<p>I can make CDs of any audio all day long free from my computer and so can you, my only cost is the investment in time in locating and overseeing the recording of audio that I want. However, in my lifestyle as it currently is I am increasing strapped for time to invest in that collection. So I might be a potential customer for satcom radio and if so, I want the best competitive price for it. </p>
<p>I thought the paragraph I quoted from my previous post was clear about me thoughts. And, my thoughts reflect the only position I have on the subject and that is limited to the common sense in that paragraph.</p>
<p>I don&#39;t think we have a quarrel, Chris, nor even a disagreement.  </p></p>
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		<title>By: vidyohs</title>
		<link>http://cafehayek.com/2008/07/regulation-by-m.html/comment-page-1#comment-27763</link>
		<dc:creator>vidyohs</dc:creator>
		<pubDate>Fri, 25 Jul 2008 10:20:17 +0000</pubDate>
		<guid isPermaLink="false">http://localhost/wordpress/?p=3163#comment-27763</guid>
		<description>&lt;p&gt;Good Money&lt;/p&gt;

&lt;p&gt;Here is a good article and blurb about a book that describes how markets work efficiently and what happens when government steps in.&lt;/p&gt;

&lt;p&gt;http://www.lewrockwell.com/mises-store/good-money.html&lt;/p&gt;</description>
		<content:encoded><![CDATA[<p>Good Money</p>
<p>Here is a good article and blurb about a book that describes how markets work efficiently and what happens when government steps in.</p>
<p><a href="http://www.lewrockwell.com/mises-store/good-money.html" rel="nofollow">http://www.lewrockwell.com/mises-store/good-money.html</a></p>
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		<title>By: Chris</title>
		<link>http://cafehayek.com/2008/07/regulation-by-m.html/comment-page-1#comment-27771</link>
		<dc:creator>Chris</dc:creator>
		<pubDate>Thu, 24 Jul 2008 14:22:58 +0000</pubDate>
		<guid isPermaLink="false">http://localhost/wordpress/?p=3163#comment-27771</guid>
		<description>&lt;p&gt;Vidyohs --&lt;/p&gt;

&lt;p&gt;   So, from an antitrust perspective, the first thing to do is to define &quot;the market.&quot;  You cannot have a monopoly if you are not the only player in &quot;the market.&quot;  If the market is &quot;Satellite Radio,&quot; then you&#039;re right -- they&#039;re the monopoly player.&lt;/p&gt;

&lt;p&gt;   But, in defining the market, the regulators look at close substitutes -- if there is a reasonable second choice, then that choice is part of the market.  So, for example, McDonald&#039;s has a monopoly on the Big Mac, but there&#039;s no reason that somebody couldn&#039;t buy a Whopper or the Wendy&#039;s equivalent instead.   So, there is no distinct market for &quot;Big Macs.&quot;&lt;/p&gt;

&lt;p&gt;   Radio is the same way -- there&#039;s Satellite, FM, AM, HD, Streaming media over wireless internet, etc....   Saying &quot;But there&#039;s only one Satellite provider&quot;  is approximately like complaining that somebody has a monopoly on AM radio stations. &lt;/p&gt;</description>
		<content:encoded><![CDATA[<p>Vidyohs &#8211;</p>
<p>   So, from an antitrust perspective, the first thing to do is to define &quot;the market.&quot;  You cannot have a monopoly if you are not the only player in &quot;the market.&quot;  If the market is &quot;Satellite Radio,&quot; then you&#39;re right &#8212; they&#39;re the monopoly player.</p>
<p>   But, in defining the market, the regulators look at close substitutes &#8212; if there is a reasonable second choice, then that choice is part of the market.  So, for example, McDonald&#39;s has a monopoly on the Big Mac, but there&#39;s no reason that somebody couldn&#39;t buy a Whopper or the Wendy&#39;s equivalent instead.   So, there is no distinct market for &quot;Big Macs.&quot;</p>
<p>   Radio is the same way &#8212; there&#39;s Satellite, FM, AM, HD, Streaming media over wireless internet, etc&#8230;.   Saying &quot;But there&#39;s only one Satellite provider&quot;  is approximately like complaining that somebody has a monopoly on AM radio stations. </p>
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		<title>By: vidyohs</title>
		<link>http://cafehayek.com/2008/07/regulation-by-m.html/comment-page-1#comment-27762</link>
		<dc:creator>vidyohs</dc:creator>
		<pubDate>Thu, 24 Jul 2008 07:39:28 +0000</pubDate>
		<guid isPermaLink="false">http://localhost/wordpress/?p=3163#comment-27762</guid>
		<description>&lt;p&gt;The electromagnetic spectrum is pretty much infinite, and with the assignment or use of frequency and power any number of radio stations can be served, many on the same frequency.&lt;/p&gt;

&lt;p&gt;Satellites are damned expensive to boost into orbit, so the resources there are finite and thus only so many can be served. That phrase &quot;so many&quot; could be actually a very high number, I have been out of the field for awhile so I no longer am up to speed on the number of individual signals that can be carried via any microwave channel.&lt;/p&gt;

&lt;p&gt;However, to me it makes sense that if competition is the holy grail then allowing the only two satcom radio stations to combine into one station, retain both of the independently issued licenses and all the channels regulated to satcom radio defeats the purpose. It does indeed establish a monoploly over that method of radio broadcast.&lt;/p&gt;

&lt;p&gt;The product may be available through other more awkward means, but that does not rebut the claim that satcom radio would become a monopoly with the merger.&lt;/p&gt;</description>
		<content:encoded><![CDATA[<p>The electromagnetic spectrum is pretty much infinite, and with the assignment or use of frequency and power any number of radio stations can be served, many on the same frequency.</p>
<p>Satellites are damned expensive to boost into orbit, so the resources there are finite and thus only so many can be served. That phrase &quot;so many&quot; could be actually a very high number, I have been out of the field for awhile so I no longer am up to speed on the number of individual signals that can be carried via any microwave channel.</p>
<p>However, to me it makes sense that if competition is the holy grail then allowing the only two satcom radio stations to combine into one station, retain both of the independently issued licenses and all the channels regulated to satcom radio defeats the purpose. It does indeed establish a monoploly over that method of radio broadcast.</p>
<p>The product may be available through other more awkward means, but that does not rebut the claim that satcom radio would become a monopoly with the merger.</p>
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		<title>By: Ray G</title>
		<link>http://cafehayek.com/2008/07/regulation-by-m.html/comment-page-1#comment-27770</link>
		<dc:creator>Ray G</dc:creator>
		<pubDate>Wed, 23 Jul 2008 22:06:55 +0000</pubDate>
		<guid isPermaLink="false">http://localhost/wordpress/?p=3163#comment-27770</guid>
		<description>&lt;p&gt;Isn&#039;t satellite radio pretty much the equivalent of cable tv to their industry? &lt;/p&gt;</description>
		<content:encoded><![CDATA[<p>Isn&#39;t satellite radio pretty much the equivalent of cable tv to their industry? </p>
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