Telecoms: California Declares Free Market Broken

Posted on August 20, 2008
Filed Under Uncategorized |

“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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