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Tag Archives: Monopolies

How Long?

It has been weeks since Martin Shkreli promised to lower the price of Daraprim, but apparently that might have been a lie just to stop the outrage. How long does it take to lower the price of a drug (especially when there are people whose lives depend on it)? Well, the NY Times article that […]

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Neutrality Rules!

Remember earlier this year Comcast and several telecoms (particularly Verizon and AT&T) were trying very hard to destroy net neutrality? So hard in fact that many customers of Netflix found that “network congestion” was slowing down or even disrupting their movie watching experience. These companies were claiming that that in order for internet capacity to […]

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Merger Mania

What, are we crazy? After all the “too big to fail” failures, why do we keep letting mega-companies merge and eliminate competition? After all, competition is the fuel that drives free market capitalism. The New Yorker has a fascinating article that is poorly titled “Why I Left United Airlines“. Not that there isn’t enough to […]

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What’s Wrong with American Business

You can’t get a much better example of why American business sucks. Forbes magazine just published an article “5 Reasons Why You Should Admire Comcast“. If I didn’t know better, I would think it was satire, but it isn’t. First, the article is so full of misinformation it isn’t even funny. Like one of their […]

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If at first you don’t succeed…

First a federal court overturns the FCC net neutrality rules, then Comcast announces that it is buying their biggest competitor (which would give them seriously dangerous control over the Internet), but finally there is some good news. The FCC announced yesterday that they are going to reformulate their net neutrality rules. Hopefully, this time they […]

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The New Monopolies

© Mike Stanfill It is no coincidence that immediately after federal courts invalidated the FCC’s rules enforcing network neutrality (which means that your ISPs can discriminate against any content that competes with them, or which they simply don’t like), that Comcast announces that they are paying billions of dollars to acquire Time Warner Cable. The […]

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Trust and Anti-Trust

Thank goodness someone is standing up to big monopolies and illegal anti-competitive behavior. The Department of Justice announced today that it is filing suit to block AT&T from acquiring competitor T-Mobile on antitrust grounds. I applaud the DOJ for taking our vital antitrust laws seriously. Of course, AT&T claims that the proposed merger is not […]

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Banks Not Making Cents

Right now, one of “the most active lobbying efforts” ever is going on in Congress, but you might not have heard much about it in the mainstream media. The fight is over the fees that banks collect from debit card transactions. Currently, the banks collect (on average) around 44 cents per transaction, but under Obama’s […]

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