“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.”
[From Telecoms: California Declares Free Market Broken, Recommends Price Controls For Phone Services]
huh, the California PUC is suggesting that you can’t have a competitive market without competition. Why didn’t I think of that.
Unfortunately, the PUC is offering a cure that is more severe than the disease… price controls.
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