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- Nov 15, 2010
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Why would prices drop when they don’t have competitors in most markets? And again, having more than a couple lights and a PC hooked up to your electric isn’t necessary for survival either...well you would have to determine as the consumer if face timing, gaming and video streaming are worth the cost to you, because none of those are paramount to survival. If you enough people cut the data (like they are with the chord) you would see prices drop to bring back loss revenue.
Well, if the market was competitive, they couldn’t abuse their position to re-extract revenue from users. It isn’t, so it’s the job of regulators to make it behave as close as they can to as if it was.This is pretty much a backlash to people cutting packaged cable in favor of unbound data forgetting the cable companies own the data, What did people expect would happen?
AT&T didn’t want to break up either, but it was determined to be the healthiest thing for the economy as a whole.and while unbundling the last mile would promote increased competition, you are never going to get the owners of that infrastructure to allow other companies who want to kill cable offering on the lines of the cable companies. No industry in the world would go for that.
Back in the 90s phone companies in the US didn’t want to let DSL companies sell service over their lines but they were forced to.
There’s precedent.
We don’t need to just bow down to established near-monopolies, so why should we?