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The U.S. Supreme Cort agrees to hear an appeal by Comcast (CMCSA -1.5%) over a lower court...

The U.S. Supreme Cort agrees to hear an appeal by Comcast (CMCSA -1.5%) over a lower court ruling that allowed cable subscribers in Philadelphia to sue on a basis that the company monopolized the market and overcharged them. The case will be on the court's docket sometime this fall.
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    Competition is the lifeblood of fair pricing. The Supreme Court must rule against Comcast if they have acted in a predatory manner. In the same vein the DOJ must police the telcommunications and other highly concentrated industries such as banking, credit card, oil, and airlines to name but a few of a growing number to assure competition for the protection of the public. Those companies at the the top of the food chain cry foul and speak of the benefits of economies of scale and the resultant benefit to the public when in practice and experience precisely the opposite occurs.

     

    Not breeding competition results in too-big-to-fail companies, greedy executives and boards of directors who gorge themselves at the public's expense, reduction and outsourcing of jobs and job opportunities, a net reduction in tax revenues to the country, skimping in quality and service and over-pricing and the deterioration of net worth and standard of living to the average American.
    25 Jun 2012, 04:58 PM Reply Like
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