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by nottorp 973 days ago
> Profit drives innovation

Yeah, like US cable and telco companies like to remind you every time they do an anticompetitive move.

2 comments

>like US cable and telco companies like to remind you every time they do an anticompetitive move.

And despite that, who is helping move the telco world forward? Pointing to one mediocre example is certainly not proof that profit doesn't drive innovation.

...which is a problem caused by regulatory red tape, guarding a few companies from competition isn't it?
No red tape needed, when comcast temporarely lowers their rates anywhere a new provider is trying to gain ground. Even the threat of doing that is enough to stop most attempts dead in their tracks.
It's not impossible to enter a market offering better services for bigger price than you competitors really. Or having better tech it's possible to attract enough investments to overstay lowered prices. Or use other ways which definitely work outside of US telco industry.
And this predicament has been caused by their decades of being given special treatment via government interference.