Verizon, AT&T, and their regulated cohorts love to blab how the "free market" and "competition" will keep prices low for consumers. According to California, it's a big fat expensive lie. The cost of basic phone service has soared since the Public Utilities Commission lifted price controls in 2006, leading the agency to conclude:Posted by jez at August 16, 2008 6:40 PM | Subscribe to this site via RSS:"There is no indication of any change in the near future regarding the current state of competition. Market forces have not yet met the challenge of controlling price increases."
