Its called Free Market. When there are less regulation then there is more competion. Which is better for the cunsumer, jobs, and the economy. Case in point the long distance industry. Look how cheap long distance calls are now that the regulation was removed.
"Its called Free Market. When there are less regulation then there is more competion. Which is better for the cunsumer, jobs, and the economy. Case in point the long distance industry. Look how cheap long distance calls are now that the regulation was removed.".
I agree with your statements. BUT do be aware, MCI, SPRINT,
and all the other companies would never had come into existence IF, AT&T did not already have most of the USA and world 'wired'. The start up companies where given a free ride in that they could purchase very low transmission rates, to use, until they where able to procure enough funds to start investing in their own satellites, land lines etc.. One thing we as a country lost, when AT&T broke up, was the world's finest R&D. Few people have any idea as how much AT&T provided universities and companies in many fields such as chemistry, physics, and all forms of electronics and communications etc.. AT&T was a "public Trust", and fewed by those in the know as a national treasure for R&D as well as practical engineering design.
Sophisticated CAD tools for IC developement just to name one little thing where for many years desired by many foreign and state wide companies. We created the most exotic tools in the world. So many companies that create integrated circuits used our tools. I could go on and on, as how the world has benifited from what was AT&T. And to boot, since the company was set up as a public trust, it was regulated. We where not allowed to exceed a given profit margin.
So yes sir, we in recent years have had many new communication companies that have emerged, that offer some pretty good rates. I wonder how many still use trunk lines that AT&T own. Without these lines(equipment/services), these companies would never have been able to exist in a competive mode. What you perhaps do not remember was the fact that when AT&T was still in existence, they where required to put in phone lines just about anywhere in America so that most towns/cities/rural areas had the lowest cost most high relieable phone service in the world.
We had the lowest phone rates and highest reliability of any country in the world. A little known fact perhaps.
So...........if you followed carefully what I just wrote you may now realize why these new companies where able to come into existence. Many of them have nowhere the huge costs of operating the huge communication backbones that where installed during the seventies and eightees by AT&T.
So their operational costs are very low in comparision, they just buy cheap services from existing systems. That is why they can keep their rates low.
So perhaps your choice in this case, telecommunication market was not a good choice.
But I heartly agree with the premise set forth. Less regulation often can allow for a win win situation.