this post was submitted on 04 Jan 2024
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For the folks that hope for competition as a solution, this has always been a red herring. Even under the classic framework where competition is thought as an effective means to lower prices, the telco market has always been one where natural monopolies form. Introducing competition in the telco market requires regulation. Using regulated competition to lower prices is just regulating prices with extra steps. Personally, I'd demand price regulation without the overhead. Today, these are essential infrastructure services like electricity and water. And to put a further damper on the profit that can flow to regulators, ensure that unions scoop up as much from that profit as possible, effectively acting as taxation.