Linked by Thom Holwerda on Mon 5th Sep 2011 22:26 UTC
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Member since:
2009-07-18
While $.01 calls might sound great, it's the lack of regulation that can lead to $5 per minute phone calls if monopolies / price fixing aren't controlled.
There's a lot that free markets are great for (let's produce X number of phones as dictated by a central planning committee isn't such a great plan), but certainly protecting people from environmental health issues, setting safety standards, or preventing price gouging by unscrupulous mega-corps aren't amongst those items.
For anyone who would say 'well, if Company X is charging too much, Company Y will show up and offer a better priced service", keep in mind that in a TRUE free economy, Company X may be large enough to implement unfair agreements with distribution / access channels, litigate, or buy out Company Y and never have to worry about competing on lower prices.