So AT&T had to hire an economist from UC Berkely to discover that competition drives down prices? I could have saved them a ton of money, as I believe my 12-year old could have filled them in.
I'm referring to the lobbying and negotiating that AT&T, Verizon and the other 758 lb gorilla's are doing in Washington regarding competition in cable TV. Now I'm all for competition, but I prefer the free-market variety and I'm doubting very much that what AT&T and Verizon have in mind is that. Instead, my guess is they want the right to be part of the State-granted monopoly along with the cable companies. And while this will most likely result in lower prices, it can't compare to a completely free-market, where prices would be even lower and quality even higher.
Thankfully, by the time the pinheads in DC calculate who's paying the most to their PAC committees, and granting the rights accordingly, TV as we know it may be done in by the internet and other distribution mediums. I love it when the free-market prevails.
Wednesday, April 19, 2006
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