8537
VIP Member
Fucking Awesome. Someone has to stop At&T and their wanted monopoly.
T-Mobile users rejoice at Justice Dept. blocking AT&T merger - CNN.com
But in the Justice Department's eyes -- and anecdotally those of T-Mobile's customer base as well -- the costs of the merger may outweigh the benefits. "The combination of AT&T and T-Mobile would result in tens of millions of consumers all across the United States facing higher prices, fewer choices and lower quality products for mobile wireless services," said deputy attorney general James M. Cole in the Justice filing.
Monopoly? Puhleeze. As I understand it, T-Mobile is the #4 wireless provider, and AT&T is #2. For those of us who can count, that means there's a #1 and a #3, at least. Hardly a monopoly, and hardly likely to allow a merged company to start hiking prices and blowing off the need for technological advances.
And that's completely leaving aside the fact that there's no way to HAVE a monopoly in a market like the US without government intervention.
First of all, it's quite easy to have a monopoly in certain industries without government intervention. They're not called natural monopolies for their nice green color.
Second, it's The Sherman Anti-Trust act, not the Sherman Anti-Monopoly act. A business doesn't have to be a monopoly to run afoul of the law.