>G'day Ange,
>
>It says something about this much-vaunted price mechanism of Hayek's that
>it's a lot cheaper for us to argue via Chico, California than it would by
>phone across Victoria. The technology might be distance-insensitive, but
>the price ain't. In fact, I hear the telco companies have a whole stack of
>fibre cables in the ground between Canberra and Melbourne but have no
>commercial reason to attach switching taps at either end. So much for
>natural scarcity and the concomitant rational allocation of resources
>through price, eh?
Are you suggesting that the market of telecommunications has traditionally been a free one?!?
Enzo