this post was submitted on 20 Aug 2023
707 points (96.8% liked)
Asklemmy
44152 readers
1149 users here now
A loosely moderated place to ask open-ended questions
Search asklemmy ๐
If your post meets the following criteria, it's welcome here!
- Open-ended question
- Not offensive: at this point, we do not have the bandwidth to moderate overtly political discussions. Assume best intent and be excellent to each other.
- Not regarding using or support for Lemmy: context, see the list of support communities and tools for finding communities below
- Not ad nauseam inducing: please make sure it is a question that would be new to most members
- An actual topic of discussion
Looking for support?
Looking for a community?
- Lemmyverse: community search
- sub.rehab: maps old subreddits to fediverse options, marks official as such
- [email protected]: a community for finding communities
~Icon~ ~by~ ~@Double_[email protected]~
founded 5 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Here's what happens. Say you have three businesses providing roughly the same service in your area. They know you are going with one of them.
If they compete too much on price is a race to the bottom. There's a point at which one or more companies are losing money to compete. The ones with deeper pockets starve everyone else out then start raising prices.
Now, let's assume these three are the ones that made it.
They are not allowed to collude on price. That's illegal, they would be acting like a monopoly. Can't have that so they passed a law.
What's allowed? Publishing your pricing online. What's crazy is the other companies can see this so it's kind of light all three can still meet and compare pricing.
Because of this, you'll be paying about the same no matter where you go. You might be able to find a reseller that provides the connection but no real service. That's fine, but most people aren't using that.
You might find services bundled with other services like a mobile phone plan, tv packages, etc. That's even worse since they call use "price confusion" to make it look like price diversity but no one is letting anyone else eat their lunch.
All of this should be yelling at you full volume that this business is a de facto monopoly so therefore should be regulated heavily or run as a government utility.
The absolute failure to enforce antitrust laws is possibly the single biggest contributor to all problems in the western world right now.