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[BGR] AT&T CEO says blocking T-Mobile merger will increase wireless prices - Page 4

post #31 of 54
Quote:
Originally Posted by chaosblade02 View Post

They are still charging around $25/month for 768k DSL, which hasn't been upgraded in more than 10 years. People in my area don't have a choice, its either that or Dial up. None of the cable providers want to run any lines out here mad.gif. If I have to download something more than a GB, I basically don't. I go to my brothers house and DL it and put it on a jump drive. 768k DSL was ok for 1999, but its 2011 and they aren't even trying to offer a faster connection.
Anyone know of any other options for people like me for better internet instead of suffering with 768k DSL? With file sizes in the GBs this connection is basically dial up.

***?? I have DSL through ATT. I pay 29.99/month for 6Mbps service.
    
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post #32 of 54
Quote:
Originally Posted by Phaedrus2129 View Post

Of course he says that. He stands to make hundreds of millions of dollars off that merger, he's going to say whatever crap he can to make it go through. Screw him.

Got to agree. I'm an AT&T customer and I fail to see how making less competition in the market better for consumers. Ridiculously asinine of him to suggest that.

"A monopoly is better for the people!"...
post #33 of 54
Mergers and acquisitions are all part of the competitive process. I love how everyone praises our wise overlords in Washington for their premonition of what mergers will work and what ones won't. That foresight worked well in the housing market didn't it?

In the decade prior to the Sherman Antitrust Act the price of steel rails fell 53% accompanied with a 7% drop in the price level. Refined sugar fell 22%. Zinc fell 20%. The list goes on. Also it was one of the most prosperous decades in America's history with a 24% increase in GNP-prices actually fell as well.
Quote:
Originally Posted by trumpet-205 View Post

Quote:
Originally Posted by guyladouche View Post

Wasn't it revealed that standard oil was gouging a certain subset of its customers via sub-companies it owned, while at the same time appearing to give very low prices by selling to the general public through their major company's name?
Monopolies are never good, despite whether they seem to offer low prices.

Sadly, utility company (water, electric, gas , etc) needs to be operated under monopoly (some cases duopoly), for competition truly does drive up its cost due to divided customers (higher average cost).

Perfect example of the fallacy of the anti-monopoly sentiment.



Fact is the only true source of monopoly is government as they are the only ones that can enforce said monopoly with force.
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post #34 of 54
Oh really? Well, we'll just see what happens when you gouge me even further on my prices. Guess I'll just have to move over to TMobile.
post #35 of 54
This guy is an idiot and really needs to go back to school and take an economics class...
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post #36 of 54
Quote:
Originally Posted by critical46 View Post

Mergers and acquisitions are all part of the competitive process. I love how everyone praises our wise overlords in Washington for their premonition of what mergers will work and what ones won't. That foresight worked well in the housing market didn't it?
In the decade prior to the Sherman Antitrust Act the price of steel rails fell 53% accompanied with a 7% drop in the price level. Refined sugar fell 22%. Zinc fell 20%. The list goes on. Also it was one of the most prosperous decades in America's history with a 24% increase in GNP-prices actually fell as well.
Perfect example of the fallacy of the anti-monopoly sentiment.
Fact is the only true source of monopoly is government as they are the only ones that can enforce said monopoly with force.

Except the government is held accountable by state representatives and their constituents, and hence the check on the system and the prices handed down. Private companies are not. Therein lies the difference.

I'll agree--a monopoly held by a good person/body of people who understand social responsibility--sure. But centuries of big businesses has illustrated that that doesn't happen.
    
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post #37 of 54
You'd figure a company of a caliber like ATT can afford to do decent for people, instead they're just trying to buy everyone out so everyones dependent off them so they can charge anything they want...meanwhile, charging whatever they want because most other providers are just riding off ATT's back for profits

If it wasn't for them being the only internet provider in my area, I certaintly wouldn't be paying them anything...as it is as soon as they bought out cingular I dropped cellphones altogether.
    
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post #38 of 54
Quote:
Originally Posted by Phaedrus2129 View Post

Of course he says that. He stands to make hundreds of millions of dollars off that merger, he's going to say whatever crap he can to make it go through. Screw him.

I concur.

He just wants moar money by getting this deal done. Blocking will increase prices?? prices are already high as is. And they have done in the past are price increases with little to no improvements in network coverage, service, and lousy customer service.
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post #39 of 54
"Well guys, our plans for a monopoly did not go through. We really don't know why you, the people, did not support it.

So now we, regretfully, are announcing that the cost for our service will be raised. This is due to your insubordination.

Thank you for being a customer of AT&T. We appreciate your business!"

400

And yes, I am an AT&T user.
Edited by Biscuits_N_Gravy - 12/12/11 at 4:10pm
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post #40 of 54
Quote:
Originally Posted by CSHawkeye View Post

This guy is an idiot and really needs to go back to school and take an economics class...

I'll assume you're talking to me since I'm talking about economics. I post historical factual statistics and you come at me with baseless personal attacks. I guess it is hard to argue with statistics.

Quote:
Originally Posted by guyladouche View Post

Except the government is held accountable by state representatives and their constituents, and hence the check on the system and the prices handed down. Private companies are not. Therein lies the difference.
I'll agree--a monopoly held by a good person/body of people who understand social responsibility--sure. But centuries of big businesses has illustrated that that doesn't happen.


Companies are held responsible by their customers. You act like the free market does not regulate where in fact it is the best regulator. It is now through these legislators, which you mention, as well as regulators that business gets its advantage. It's called corporatism, which many people confuse with free markets. Now big banks and health care companies write the laws. Just look at TARP. The laws are where the problems begin to lay.
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