August 16, 2008

California Declares Free Market Broken, Recommends Price Controls For Phone Services

The Consumerist:

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:

"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."

Posted by jez at August 16, 2008 6:40 PM | Subscribe to this site via RSS:
Posted to Broadband | Politics | Taxes