Quote:
Originally Posted by Kevy Baby
Let's see: we now have CHOICES in phone service. There is major competition amongst phone companies for your business. New products, services, and technologies, which we may or may not have seen without the breakup, have appeared (I believe mostly not, but we will never know).
Qwest and Worldcom were individual instances of this being less than a perfect world (something I have repeatedly acknowldged). But I believe that our economy is generally better off with de-regulation.
Usually, the rules which keep monopolies in place and over-regulate industries limit competition which takes away the incentives for companies to innovate and grow. That is an econmics 101 lesson.
It wouldn't be companies to point out, it would be industries. I believe that the phone company is a good example of that. No, it is not perfect, but I believe we are much better off overall with a deregulated phone system.
I am sorry I cannot expand on that, but I am running short of time.
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Uhm, I believe there are many other places across this great nation who would agree that the companies they now deal with are far less service oriented, more expensive and provide really crappy product. I'm not saying deregulating (or rather, breaking up the monopoly of) the telephone industry was bad, just that it's not really proved to be much of a boon to anyone other than some CEO's that get paid way too much for too little.
Oh, and Kevy? I had two years in Gen.Business- studied macro and micro econ, administrative law, etc. Had a 3.9 average. Don't need the econ 101 lesson, but I appreciate your concern.
I'm also wondering about the industries statement- which industries are doing better now (besides Wal-Mart style retail) and do they not have companies that carry out their production? I am hard pressed to find anything doing well in this economy, excepting the aforementioned Wally World.