[citation][nom]dcompart[/nom]I sympathize with you and many people's reaction to this price increase, but to go about legislatively by implementing price controls on a private company who sells products that you are not forced to buy is unlawful and unfairly places a burden on the seller, not the consumer who should hold responsibility for the dollars they possess and exchange for goods and services. With that said, we all can complain and still continue to buy overpriced goods and services or we can actually learn to do without until our point or our goal (lower prices) is achieved.[/citation]
Legislation is the option when there is a monopoly. Not a true monopoly but its close. Look at AT&T's recent failed acquisition of T-Mobile. The telecom industry is on the brink of a monopoly. There is competition but when companies are limited by competition by a finite resource (bandwidth), government regulation is not only lawful but a necessity. What is happening now is price fixing between Verizon and AT&T (T). T will likely see how VZ's new pricing plays out. If it goes well they will follow suit. Price fixing is just as illegal as a monopoly.
Legislation is the option when there is a monopoly. Not a true monopoly but its close. Look at AT&T's recent failed acquisition of T-Mobile. The telecom industry is on the brink of a monopoly. There is competition but when companies are limited by competition by a finite resource (bandwidth), government regulation is not only lawful but a necessity. What is happening now is price fixing between Verizon and AT&T (T). T will likely see how VZ's new pricing plays out. If it goes well they will follow suit. Price fixing is just as illegal as a monopoly.